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Republic of Korea Staff Report for the 2013 Article IV Consultation

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 reapi...

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Bibliographic Details
Corporate Author: International Monetary Fund Asia and Pacific Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Staff Country Reports
Subjects:
Depository Institutions
Price Indexes
Inflation
Public Debt
Income
Banks
Public Finance & Taxation
Banks And Banking
Currency; Foreign Exchange
Deflation
Debts, Public
Micro Finance Institutions
Fiscal Policy
Computer Programs: Other
Data Collection And Data Estimation Methodology
Exports And Imports
Aggregate Factor Income Distribution
Mortgages
International Economics
External Debt
National Accounts
Foreign Exchange
Price Level
Government Finance Statistics
Macroeconomics
Banking
Economic And Financial Statistics
Econometrics & Economic Statistics
Statistics
Public Finance
Korea, Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
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
Physical Description:64 pages
ISBN:9781484355619

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