Republic of Korea : Staff Report for the 2013 Article IV Consultation

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

April 17, 2014

Electronic Access:

Free Full Text (PDF file size is 1939 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2013 Article IV Consultation highlights that the Republic of Korea has experienced impressive growth since the 1970s, enabling it to escape the middle-income trap. Policies should aim to tackle the weakness of domestic demand and counter forthcoming headwinds to potential growth. Korea is reaping the benefits of prudent macroeconomic management and financial moderation. The economy faces significant medium-term growth and inclusiveness challenges. Slow household income growth hinders stabilization in household debt and weighs on domestic demand, while services sector productivity is very low.

Series:

Country Report No. 14/101

Subject:

English

Publication Date:

April 17, 2014

ISBN/ISSN:

9781484355619/1934-7685

Stock No:

1KOREA2014001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

64

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