Republic of Korea: 2008 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Korea

September 11, 2008

Preview Citation

Format: Chicago

Republic of Korea: 2008 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Korea, (USA: International Monetary Fund, 2008) accessed November 22, 2024

Summary

The Republic of Korea’s 2008 Article IV Consultation highlights that Korea’s business cycle is turning downward while inflation pressures have increased. Risks are mainly external and on the downside, but a volatile domestic political environment also clouds the outlook. Inflation pressures have risen, largely owing to higher global commodity prices, but should ease as growth slows. Despite still solid export growth, higher commodity prices have led imports to rise even more sharply while the services account deficit remains sizable.

Subject: Banking, Commodity prices, Credit, Economic sectors, External debt, Financial sector, Inflation, Money, Prices

Keywords: Commodity prices, CR, Credit, Financial sector, Fuel price inflation, Global, Headline inflation, Inflation, Inflation development, Inflation expectation, ISCR, Market, Reform legislation, Staff projection, Trade datum

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/297
Stock No:

1KOREA2008002
ISBN:

9781451822243
ISSN:

1934-7685

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