1. Market Research
  2. > Country Economic Forecasts > South Korea

Country Economic Forecasts > South Korea

  • April 2017
  • -
  • Oxford Economics
  • -
  • 14 pages

Summary

Table of Contents

Search Inside

The Korean economy is expected to grow by 2.3% in 2017, down from 2.8% in 2016. The slowdown in growth is being driven by weaker domestic demand. Construction activity is much softer this year after booming in 2016, with house price growth slowing to 1.2% in March amid concerns of oversupply in the market. Private consumption - which accounts for nearly 50% of GDP - is also slowing amid higher inflation and a softer labour market - with the unemployment rate rising to 3.8% in Q1. As a result, household expenditure is expected to grow by 1.8% this year, down from 2.5% growth in 2016.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.