Republic of Korea : 2008 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Korea

Author/Editor:

International Monetary Fund

Publication Date:

September 11, 2008

Electronic Access:

Free Full Text (PDF file size is 959 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Republic of Korea’s 2008 Article IV Consultation highlights that Korea’s business cycle is turning downward while inflation pressures have increased. Risks are mainly external and on the downside, but a volatile domestic political environment also clouds the outlook. Inflation pressures have risen, largely owing to higher global commodity prices, but should ease as growth slows. Despite still solid export growth, higher commodity prices have led imports to rise even more sharply while the services account deficit remains sizable.

Series:

Country Report No. 08/297

Subject:

English

Publication Date:

September 11, 2008

ISBN/ISSN:

9781451822243/1934-7685

Stock No:

1KOREA2008002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

52

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