Taking A Look at South Korea’s Economy: Strathclyde Associates

Taking A Look at South Korea’s Economy: Strathclyde Associates Taking A Look at South Korea’s Economy: Strathclyde Associates - Korea is set to grow about 5% this year, faster than the Bank of Korea’s December forecast of 4. 6%. The central bank has... More

Taking A Look at South Korea’s Economy: Strathclyde Associates Taking A Look at South Korea’s Economy: Strathclyde Associates - Korea is set to grow about 5% this year, faster than the Bank of Korea’s December forecast of 4. 6%. The central bank has lowered its 2010 forecast for consumer price inflation to 2. 6% giving a signal to the market that the bank won’t raise the benchmark interest rate in the first half of the year. However, a 25 basis-point rate hike in September and another 25 basis-point hike in December cannot be ruled out. The central bank expects inflation to accelerate to 3. 3% next year as economic recovery is likely to fuel consumption. Taking a Look at South Korea’s Economy: Strathclyde Associates Korea - The current-account surplus totaled $1. 69 billion in March compared with a surplus of $6. 64 billion a year earlier. The size of the surplus is expected to shrink over time as imports rise with an improving economy. The country’s current account surplus will Less