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Macro - Country Economic Forecasts - South Korea

Publisher Oxford Economics
Published May 18, 2022
Length 10 Pages
SKU # OFE17190282

Description

Macro - Country Economic Forecasts - South Korea

We have cut our South Korea GDP growth forecast 0.3ppts to 2.5% in 2022 and 0.4ppts to 2.4% in 2023. These downward revisions reflect downgrades in our China GDP growth forecasts, worsening of global supply-chain disruptions, and impact on domestic demand of higher-than-expected inflation.

Table of Contents

10 Pages
South Korea: Higher inflation, China's lockdowns to weigh on 2022 growth
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
South Korea retains several fundamental long-term economic strengths:
The country also faces several long-term challenges:
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

Pricing

Currency Rates
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