Country Economic Forecasts - South Korea
The Korean economy is forecast to grow by 2.9% in 2018, marginally slower than the 3.1% outturn in 2017. Export growth is expected to remain robust – particularly when compared with the 2012-2016 period – despite some slowdown in demand from China. In turn, business investment, which rose by 14.6% in 2017 – the strongest outturn since the immediate post-financial crisis rebound in 2010 – is expected to remain robust in light of the buoyant external environment and easing risks on the peninsula. Indeed, the index of equipment investment published by Statistics Korea rose by 6.2% m/m in January alone, indicating strong momentum at the start of this year.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook