Republic of Korea : 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Korea

1KOREA2007001 Image
Price:  $18.00

Release Date: © October, 2007
ISBN : 978-1-45182-221-2
Stock #: 1KOREA2007001
English
Stock Status: On back-order

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Description

This 2007 Article IV Consultation highlights that the Republic of Korea is enjoying its longest uninterrupted period of economic expansion since the Asian crisis. Growth reached 5 percent in 2006, buoyed by strong exports, and is only expected to slow marginally to 4¾ percent this year. The current account is expected to remain broadly in balance. The impact of the ongoing global financial turbulence has so far been manageable but downside risks to the outlook have increased, with the nascent consumption recovery vulnerable to a downturn in asset markets.

Taxonomy

Balance of payments , Current account , Economic policy , Inflation , Monetary policy




More publications in this series: IMF Staff Country Reports