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.
- Click to access:
-
Click to download PDF - 277.87KBPDF
-
Click to Read online and shareREAD