Market news
28.06.2021, 08:02

South Korea raises growth forecast to 4.2%

Bloomberg reports that South Korea raised its economic forecast for this year by a wide margin on expectations for record exports and a rebound in consumption as vaccination levels rise.

The country’s gross domestic product is expected to grow 4.2% this year, a full percentage point higher than the previous projection at the end of last year, the finance ministry said. Inflation will probably reach 1.8%, the ministry said, up from its earlier expectation of 1.1%.

The government’s forecasts are more optimistic than the central bank’s, as the expected spending from an upcoming extra budget was reflected. The ministry sees employment rising by 250,000 this year, while the Bank of Korea sees just over a half of that.

© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location