OECD Economic Outlook, Volume 2013 Issue 1
The OECD Economic Outlook is the OECD’s twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, chapters summarising developments and providing projections for each individual country, a special chapter on growth prospects and fiscal requirements over the long term, and a statistical annex.
Korea
The economy slowed in 2012 as weak export growth reduced business investment. A pick-up in world trade is projected to spark a gradual recovery, with output growth reaching 4% in 2014, despite continued headwinds from the high level of household debt. The expansion is expected to narrow Korea's large current account surplus and lift inflation into the central bank's target zone.
Also available in: French
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