Country Economic Forecasts > South Korea - Oxford Economics Services

Country Economic Forecasts > South Korea

Country Economic Forecasts > South Korea - Oxford Economics Services
Country Economic Forecasts > South Korea
Published Mar 29, 2016
11 pages — Published Mar 29, 2016
Price US$ 185.00  |  Buy this Report Now

About This Report

  
Abstract:

Monthly economic data in February showed dimmer growth prospects for the Korean economy. Both the external and the domestic sectors showed signs of losing momentum as exports receipts remained in the red for the fourteenth consecutive month, while consumer confidence worsened, easing to levels last seen during the MERS outbreak in Q2 2015. Against this backdrop, we have again cut our forecast for Korean growth; we now expect the economy to grow by an average 2.7% this year as compared with 2.9% expected previously.A few months ago we argued that economic developments in South Korea did not warrant a further easing of monetary policy. However, recent developments including weak domestic monthly economic indicators, the central banks latest communiques and the disappointingly sluggish recovery in the developed economies have opened the door for further cuts in interest rates. As such, we now expect the BoK to cut the policy rate by 25bp in Q2 2016.

  
Source:
Document ID
330012
Country
Format:
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Sections

Title
South Korea:
The following represents a general Table of Contents outline for the Country Economic
Forecast. The actual report may cover any or all of the topics listed below.
- Highlights and Key Issues - four/five paragraphs of analysis covering the
main economic and political issues contained in the subsequent Economic Overview
- Forecast Table showing % changes for the country - with 2 years of historical
data and 4 years of forecast data for the following:
- Domestic demand
- Private consumption
- Fixed investment
- Stockbuilding (% of GDP)
- Government consumption
- Exports of goods and services
- Imports of goods and services
- Unemployment
- Consumer prices
- Current account balance (US$ and % of GDP)
- Government budget (% of GDP)
- Short-term interest rates (%)
- Long-term interest rates (%)
- Exchange rate (vs. US dollar)
- Exchange rate (vs. euro)
- Economic Overview - two pages of events-driven analysis highlighting the
most recent economic activity and, where relevant, political developments of the
country, detailing significant changes to Oxford Economics' forecasts
- Charts and Tables - covering a full range of economic developments relevant
to the time period covered. These could include such topics as:
- Contributions to GDP growth
- Monthly industrial output
- Business and consumer confidence
- Unemployment rate
- Retail sales
- Prices and earnings
- Consumption and investment
- Government balance and debt
- GDP and industrial production
- Monetary policy and bond yields
- Background Information on the country
- One or two pages of text covering the main historical political and economic factors
that determine the country's current position
- Key Facts on the country
- Map of the country
- Key political facts
- Long-term economic and social development - changes since 1980
- Structure of GDP by output - latest year
- Long-term sovereign credit ratings and outlook
- Corruption perceptions index- latest year
- Structural economic indicators - changes since 1990
- Destination of goods' exports -prior years - latest year
- Composition of goods & services exports - latest year

Table Of Contents

Oxford Economics Services—Oxford Economics is a leading economic forecasting consultancy, producing macroeconomic and industry forecasts, analysis and data on 175 countries.

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Cite this Report

  
MLA:
Oxford Economics Services. "Country Economic Forecasts > South Korea" Mar 29, 2016. Alacra Store. May 19, 2025. <http://www.alacrastore.com/storecontent/Oxford-Economics-Services/Country-Economic-Forecasts-South-Korea-2111-5803>
  
APA:
Oxford Economics Services. (2016). Country Economic Forecasts > South Korea Mar 29, 2016. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/storecontent/Oxford-Economics-Services/Country-Economic-Forecasts-South-Korea-2111-5803>
  
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