s koreas economy to grow faster in 2017
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

S. Korea's Economy to Grow Faster in 2017

Egypt Today, egypt today

Egypt Today, egypt today S. Korea's Economy to Grow Faster in 2017

The South Korean economy
Seoul - QNA

The South Korean economy is likely to grow at a faster pace than previously expected in 2017 on the back of rising exports, a leading private think tank said Thursday.
In its latest economic outlook, the Korea Economic Research Institute (KERI) projected Asia's fourth-largest economy to grow 2.5% this year, up from its earlier 2.1% estimate made in December. The think tank forecast the South Korean economy to expand 2.3% in the first half of this year and 2.7% in the second half. 
KERI, affiliated with the country's conglomerate lobby Federation of Korean Industries, attributed its upward revision to an expected improvement in the growth rate of the world economy that will boost South Korea's exports.
The think tank's forecast, however, is still lower than South Korea's 2016 growth rate of 2.8%, and it said the country will continue to be gripped by flaccid domestic demand and find little room to take stimulus measures. "South Korea is still faced with structural reasons for weak domestic demand and has limited conditions for monetary, fiscal and currency policies," KERI said. "In addition, a recovery in global trade could be hampered by US rate hikes and protectionist moves, as well as Europe's anti-globalization trend." A senior KERI researcher, Byun Yang-kyu said potential Sino-American trade disputes may have a negative impact on South Korea's exports this year. 
"Should trade conflicts between China and the United States materialize, global trade could again lapse into the doldrums, which would in turn deal a harsh blow to South Korea's overseas shipments," Byun said. "South Korea needs to diversify its export markets and push for regional free trade talks." South Korean exports have been on a roll in recent months. The country's exports spiked 20.2% on-year to US$43.2 billion in February, marking the fastest rise in five years and the fourth-straight month of increase.
According to KERI, South Korea's private consumption, one of the two growth engines together with exports, is expected to expand 1.8% on-year this year, down from a 2.5% increase the previous year. Corporate capital spending is projected to grow 2.7% this year from 2016, a sharp turnaround from a 2.3% decline a year earlier. 
South Korea's consumer inflation is predicted to reach 1.6% in 2017, compared with a 1% gain the previous year, with its current account surplus likely to decrease to $92.2 billion from $98.7 billion.

Source: QNA

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

s koreas economy to grow faster in 2017 s koreas economy to grow faster in 2017



GMT 15:49 2011 Friday ,10 June

Oil firm wins injunction against Greenpeace

GMT 10:27 2015 Monday ,06 July

Mini to launch ‘Clubman’ in 2016

GMT 17:21 2011 Wednesday ,23 February

Lampard Desperate To Win The Champions League

GMT 10:13 2018 Tuesday ,09 January

Barcelona to unveil 160m Coutinho

GMT 23:03 2017 Monday ,16 January

Bank of Korea: Money Production Cost Rise in 2016

GMT 20:33 2011 Friday ,06 May

Asad\'s army arrests all men over 15 in Daraa

GMT 11:55 2011 Tuesday ,29 November

Ultrabooks could save the PC

GMT 13:02 2012 Saturday ,01 September

Zombies and Morons compete

GMT 07:31 2017 Tuesday ,20 June

Sisi keen on attaining unity

GMT 11:50 2015 Saturday ,26 September

The Library of Fragrance announces January launches

GMT 06:28 2014 Saturday ,18 October

Asian Junior Volleyball tourney kicks off in Bahrain

GMT 13:31 2016 Saturday ,13 February

Greek farmers clash with police

GMT 07:40 2012 Friday ,06 July

Deeds, not words, matter the most

GMT 14:16 2016 Wednesday ,23 November

Gigi sorry for ‘racist’ Melania Trump impression

GMT 22:52 2011 Tuesday ,26 April

Nigeria prepares for parliamentary elections

GMT 20:35 2016 Tuesday ,04 October

Paris climate deal: EU backs landmark agreement

GMT 10:50 2016 Thursday ,01 September

India's Reliance announces launch

GMT 09:34 2016 Friday ,30 September

Rosetta spacecraft set for final comet crash landing

GMT 06:27 2017 Wednesday ,28 June

Rakeen Georgia ex-CEO faces trial in Georgia
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday