Republic of Korea: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Korea
IMF Staff Country Reports, February 13, 2018
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- Republic of Korea: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Korea
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Bibliographic details
- Published: February 13, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484341537.002
Near-term outlook
- The Republic of Korea’s near-term outlook is improving.
- After slowing in the second half of 2016, growth has picked up in 2017.
- Recent geopolitical tensions have had a limited impact.
Growth drivers
- Rebound led by a strong expansion in investment, especially in the information technology and construction sectors.
- Export growth strengthened thanks to improving external conditions and high global demand for semiconductors.
- Private consumption growth picked up, but remains below economic growth.
Monetary and financial conditions
- Recovery has been supported by an accommodative monetary policy.
- Lending rates and long-term yields are close to record lows.
Key themes and subject areas covered
- Employment; Labor; Labor markets; Minimum wages
- Fiscal policy
- Inflation; Prices; Headline inflation; Headline PPI
- Household debt growth; Liability positions vis-à-vis nonresident
- GDP; Growth momentum; Product market duality; Surplus
Republic of Korea: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Korea
Content in this bundle
- Country Report