OECD Economic Outlook, Volume 2019 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, a special chapter on the effects of digitalisation on productivity and a chapter summarising developments and providing projections for each individual country.
Korea
Economic growth is projected to slow to around 2½ per cent in 2019-20, reflecting weakness in domestic demand and international trade. Restructuring in the manufacturing sector, notably in some industries facing weak overseas demand, and double-digit increases in the minimum wage are holding back job creation. Fiscal stimulus is projected to support growth, while core inflation will pick up to around 1½ per cent in 2020.