TITLE

Korea Reform a top priority

PUB. DATE
November 2004
SOURCE
OECD Observer;Nov2004, Issue 245, p21
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents economic forecast of South Korea for 2005-06. Export driven in large part by China, are sustaining the expansion during a period of weak private consumption in the wake of the household credit bubble. Although export growth is now moderating, a pick-up in domestic demand, led initially by investment, is expected to maintain economic growth in the 4-5% range in 2005 and 2006. A slowdown in world trade growth before domestic demand revives would pose a threat to a continued expansion.
ACCESSION #
15891627

 

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