{
  "title": "Republic of Korea: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Korea",
  "publication": "IMF Staff Country Reports, February 13, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/02/13/republic-of-korea-2017-article-iv-consultation-press-release-staff-report-and-statement-by-45625",
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  "summary": "This 2017 Article IV Consultation highlights that the Republic of Korea’s near-term outlook is improving. After slowing in the second half of 2016, growth has picked up in 2017, while recent geopolitical tensions have had a limited impact.",
  "sections": [
    {
      "heading": "Near-term outlook",
      "content": "- The Republic of Korea’s near-term outlook is improving.\n- After slowing in the second half of 2016, growth has picked up in 2017.\n- Recent geopolitical tensions have had a limited impact."
    },
    {
      "heading": "Growth drivers",
      "content": "- Rebound led by a strong expansion in investment, especially in the information technology and construction sectors.\n- Export growth strengthened thanks to improving external conditions and high global demand for semiconductors.\n- Private consumption growth picked up, but remains below economic growth."
    },
    {
      "heading": "Monetary and financial conditions",
      "content": "- Recovery has been supported by an accommodative monetary policy.\n- Lending rates and long-term yields are close to record lows."
    },
    {
      "heading": "Key themes and subject areas covered",
      "content": "- Employment; Labor; Labor markets; Minimum wages\n- Fiscal policy\n- Inflation; Prices; Headline inflation; Headline PPI\n- Household debt growth; Liability positions vis-à-vis nonresident\n- GDP; Growth momentum; Product market duality; Surplus\n\nRepublic of Korea: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Korea\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: February 13, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484341537.002",
    "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.",
    "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.",
    "Recovery has been supported by an accommodative monetary policy.",
    "Lending rates and long-term yields are close to record lows.",
    "Household debt growth; Liability positions vis-à-vis nonresident",
    "GDP; Growth momentum; Product market duality; Surplus",
    "**Country Report**"
  ],
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