Monthly Economic Trends KDI Monthly Economic Trends 2024. 4 April 08, 2024
- Summary
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■ The Korean economy is experiencing a moderate downturn, buoyed by rapid growth in exports, particularly from the IT sector, even as domestic demand recovery lags. ○ The strong rebound in global semiconductor activities has led to a significant increase in exports, which in turn is helping to mitigate the contraction in economic activity. - As the slowdown in global trade gradually dissipates, export conditions are demonstrating overall improvement. - The continued recovery in semiconductor activity has resulted in a substantial increase in related exports and production, positively influencing some financial indicators, including stock prices. ○ However, consumption remains weak, particularly in goods consumption, as financing conditions are not improving due to persistent high interest rates. - Consequently, employment conditions are undergoing partial adjustments, and the underlying trend of price increases is gradually slowing. - Although equipment investment exhibited some positive signs, particularly in the semiconductor industry, construction investment, which had previously surged due to a rise in projects nearing completion, is now experiencing a slight moderation. ○ Meanwhile, external risk factors persist, such as the escalating international oil prices and transportation disruptions precipitated by geopolitical tensions.
- 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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