Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Teen smoking, drinking decline, while mental health, dietary habits worsen
[THE INVESTOR] South Korea’s economy will grow at a slightly higher pace in 2017, the Bank of Korea projected.
In the monetary policy report submitted to the National Assembly on July 29, the BOK said that next year will see a small increase in growth rate compared to the upper 2 percent range forecast for this year.
“The domestic economy is following an improving trend since the first quarter, but due to increasing uncertainties at home and abroad, growth rate for the year will be in the higher 2 percent range,” the BOK said in the report.
“Next year, buoyed by the recovery of the global economy, the growth rate will increase by a small margin.”
The BOK said that the supplementary budget, lowered benchmark rates and stabilizing international oil prices would be positive factors for the country’s economy in the near future. For negative factors, the central bank listed the UK’s departure from the European Union, corporate restructuring projects and US Federal Reserve’s pending decision on US’ benchmark rate.
By Choi He-suk (cheesuk@heraldcorp.com)
In the monetary policy report submitted to the National Assembly on July 29, the BOK said that next year will see a small increase in growth rate compared to the upper 2 percent range forecast for this year.
“The domestic economy is following an improving trend since the first quarter, but due to increasing uncertainties at home and abroad, growth rate for the year will be in the higher 2 percent range,” the BOK said in the report.
“Next year, buoyed by the recovery of the global economy, the growth rate will increase by a small margin.”
The BOK said that the supplementary budget, lowered benchmark rates and stabilizing international oil prices would be positive factors for the country’s economy in the near future. For negative factors, the central bank listed the UK’s departure from the European Union, corporate restructuring projects and US Federal Reserve’s pending decision on US’ benchmark rate.
By Choi He-suk (cheesuk@heraldcorp.com)
-
Articles by Korea Herald
