Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

TABLE-South Korea c.bank raises GDP forecasts

Published 07/09/2009, 07:05 PM
Updated 07/09/2009, 07:08 PM

(For a full story, double-click [ID:nSEV000756])

July 10 (Reuters) - The Bank of Korea's revised forecasts for 2009 economic growth (percentage growth from a year earlier unless stated):

H1 H2 Full Year Gross domestic product -3.4 0.2 -1.6 Private consumption -3.0 0.3 -1.4 Capital investment -20.9 -9.1 -15.1 Construction investment 1.9 2.5 2.2 ^Goods exports -9.2 3.7 -2.8 ^Goods imports -15.7 2.5 -6.8 Consumer price index 3.3 2.5 2.9 Annual core inflation (pct) 4.5 2.6 3.5 Unemployment rate (pct) 3.8 3.5 3.6 Current account ($bln) 21.0 8.0 29.0 - - - - -

The Bank of Korea's previous forecasts for 2009 economic growth, released on April 10 (percentage change from a year earlier unless stated):

H1 H2 Full Year Gross domestic product -4.2 -0.6 -2.4 Private consumption -4.1 -1.0 -2.6 Capital investment -22.7 -13.0 -18.0 Construction investment 0.4 3.1 1.8 ^Goods exports -14.9 -4.7 -9.9 ^Goods imports -16.5 -5.0 -10.9 Consumer price index 3.3 2.2 2.7 Annual core inflation (pct) 4.3 2.5 3.4 Unemployment rate (pct) 3.7 3.4 3.6 Current account ($bln) 11.5 6.5 18.0 - - - - -

The Bank of Korea's revised full-year economic growth forecasts for 2010 in comparison to previous forecasts released on April 10 (percentage growth from a year earlier unless stated):

revised previous Gross domestic product 3.6 3.5 Private consumption 2.6 3.1 Capital investment 13.6 13.0 Construction investment 2.1 1.2 ^Goods exports 8.5 8.8 ^Goods imports 9.8 7.0 Consumer price index 3.0 2.5 Annual core inflation (pct) 2.5 1.6 Unemployment rate (pct) 3.5 3.4 Current account ($bln) 7.0 7.0 - - - - -

Past GDP growth (percent change over the previous year): *2008 2.2 2007 5.1 2006 5.2 2005 4.0 2004 4.6 ^ measured in volume terms * revised provisional SOURCE: Bank of Korea (Reporting by Cheon Jong-woo in SEOUL, Editing by Yoo Choonsik)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.