Tuesday, April 18, 2017

KDI, this year's growth rate of 2.4 → 2.6% raise ... Next year 2.5%



[Korea Selected financial newspaper reporters] raised a national research institution Korea Development Institute (KDI) levels slightly exceeding the mid-2% growth forecast for the year.

KDI has upwardly adjusted 0.2 percent from 2.4 percent proposed last December to the 18th, the first half of 2017 the economic outlook 'gross domestic product (GDP) growth forecast this year to 2.6%.

KDI has recently cited exports and investment that is being rapidly improved over the original growth forecast upward to background. Just a slight recovery in consumption and the jipeot Externally, such as the US trade protectionism as a variable.

Kim Seongtae KDI Macroeconomic Research Department explained, "is not talking about hitting momentum is a bigger climb to lower the possibility that the Korean economy plummeted.

Another supplementary budget (supplementary) combination seafood related, Kim Seongtae manager 'is not necessary at the moment, said' the supplementary measures for the short-term economic response "he said.

KDI is next to the growth rate of our economy show a slight 2.5% lower than a year.

Meanwhile, our economic outlook this year is slightly led upward, but a mere appearance in the mid-2% growth rate.

Prior to the KDI Bank of Korea last week has raised the bar this year, 0.1 percent growth forecast to 2.6% from 2.5% three months ago. 2.6% growth level is also the level proposed by the Ministry of Strategy and Finance in December last year.

In the private Korea Economic Institute in March of this year growth forecast it was raised 0.4 percentage points higher than in December (2.1%) last year to 2.5%, a relatively large width.

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