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  • KDI Monthly Economic Trends 2022. 5
  • Date May 09, 2022
  • Language English
PDF Major Indicators
    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)

    10-1. Major Indicators of the World Economy (I)

    10-2. Major Indicators of the World Economy (II)
■ The Korean economy is making a moderate recovery; however, growth in investment and exports is slowing down, expanding downside risks to the economy due to worsening external situations.

○ The adverse impact of COVID-19 is gradually diminishing as the service industry gained momentum despite the explosive spread of COVID-19 in March.

- Employment conditions continued to improve, and the service industry is likely to exhibit a faster recovery with the lifting of social distancing requirements in April.

○ However, ongoing disruptions of the global supply chain and rising policy uncertainty in major countries indicate deteriorating external factors.

- Due to persistent supply chain delays and raw material price hikes, construction and equipment investments remained constrained, and draconian lockdowns in China’s major cities have negatively impacted the external environment.

- Accordingly, there are negative outcomes, including export slowdown, mainly toward China, and production delays in some industries like automobiles, which rendered the manufacturing BSI low as in the previous month.

- In addition, downward economic pressures are mounting as the financial market becomes more volatile due to concerns over accelerated rate hikes in the US.
Private Consumption and Fixed Investment(at 2015 Constant Prices)
Net Purchases by Foreign Investors
Banks Loans to the Corporate Sector
 
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Office of Global Economy
Providing Economic Forecast and Macroeconomic Policy Direction, the Groundwork for a Brighter Future

The Department of Macroeconomics is conducting researches on the macro economy and macroeconomic policy, particularly focusing on suggesting the analysis of macroeconomic trends and current status of the economy at home and abroad, the economic forecast, and the policy direction of the macro economy. The Department is also in charge of establishing, sustaining and maintaining various econometric models, based on which it analyses policy effects and develops a long-term economic forecast.

Main Tasks
  • Economic trend analysis, short- and long-term forecast
  • Policy study on macroeconomic management
  • Basic structural analysis on macroeconomic areas
  • Maintenance of multi-sectoral dynamic macroeconomic model
Department of Macroeconomic Policy
  • LEE. Tae Suk

    Director, Division of Analysis and Evaluation

    82-044-550-4725
  • CHO, Byungkoo On leave

    Director and Vice President, Department of North Korean Economy

    82-044-550-4725
  • LEE, Jongkyu

    Fellow

    82-044-550-4725
  • WEE, Hyeseung Dispatched

    Research Associate

    82-044-550-4725
  • NAM, Jinwook On leave

    Specialist

    82-044-550-4725
  • KIM, Seulki

    Research Associate

    82-044-550-4725
  • CHUN, Eunkyung

    Research Associate

    82-044-550-4725
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