Monthly Economic Trends KDI Monthly Economic Trends 2024. 1 January 08, 2024

- Summary
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■ The Korean economy has shown a slight slowdown in domestic demand, yet there is a gradual softening in the downturn, led by the semiconductor industry. ○ Consumption and investment are both decelerating, largely influenced by persistent high interest rates. - Goods consumption continues its downward trend, while service consumption maintains a low growth trend. - With high inventory levels, equipment investment demand is sluggish, while the compounded decrease in construction orders received is also slowing the growth in construction investment. - The slowdown in domestic demand is also leading to a deceleration in both employment growth and inflation. ○ However, exports are exhibiting a recovery, serving a pivotal function in mitigating the economic slowdown. - Boosted by growing demand for AI servers, semiconductor exports significantly increased, and automobile exports also showed a positive trend. - Additionally, the decline in manufacturing, excluding semiconductors and automobiles, is gradually easing.
- Contents
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Major Economic Indicators
Summary and Assessment
Major Indicators of the Korean Economy
1. Gross Domestic Product
(at 2015 Constant Prices)
2. Economic Activity
3. Consumption
4. Equipment Investment
5. Construction Investment
6-1. Exports, Imports and Terms of Trade
6-2. Current Account and Financial Account
7. Employment and Wage
8. Price Indices
9-1. Financial Market (I)
9-2. Financial Market (II)
10. Housing Market
11-1. Major Indicators of the World Economy (I)
11-2. Major Indicators of the World Economy (II)





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