Republic of Korea: Staff Report for the 2013 Article IV Consultation

April 17, 2014

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Republic of Korea: Staff Report for the 2013 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed October 8, 2024

Summary

This 2013 Article IV Consultation highlights that the Republic of Korea has experienced impressive growth since the 1970s, enabling it to escape the middle-income trap. Policies should aim to tackle the weakness of domestic demand and counter forthcoming headwinds to potential growth. Korea is reaping the benefits of prudent macroeconomic management and financial moderation. The economy faces significant medium-term growth and inclusiveness challenges. Slow household income growth hinders stabilization in household debt and weighs on domestic demand, while services sector productivity is very low.

Subject: Banking, Economic and financial statistics, External debt, Fiscal policy, Government finance statistics, Income, National accounts, Public debt

Keywords: Authorities project, CR, Debt, December CPI release, Financial market uncertainty, GDP, Global, Government finance statistics, Growth outlook, Headline CPI inflation, Headline PPI, Income, ISCR, Market intervention

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/101
Stock No:

1KOREA2014001
ISBN:

9781484355619
ISSN:

1934-7685

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