Arab Today, arab today imf keeps 2014 growth outlook for south korea at 37
Last Updated : GMT 10:09:25
Arab Today, arab today
Arab Today, arab today

IMF keeps 2014 growth outlook for South Korea at 3.7%

Arab Today, arab today

Arab Today, arab today IMF keeps 2014 growth outlook for South Korea at 3.7%

Seoul - Yonhap

The International Monetary Fund said Friday that it has decided to maintain its previous 2014 growth outlook for South Korea at 3.7 percent but expressed concerns over the relatively weak domestic demand caused by "debt overhang" in the household and corporate sectors. The decision was made by an IMF team led by Isabelle Mateos y Lago, the deputy chief of the IMF's Asia-Pacific bureau. It completed its two-week-long annual meeting here with South Korean policymakers to assess its overall economic conditions. The move came after the IMF cut its 2014 growth outlook for South Korea to 3.7 percent from 3.9 earlier last month. It also forecast the Korean economy to grow 2.8 percent this year, which is unchanged from an outlook unveiled in April. "Growth is expected to strengthen further to 3.7 percent in 2014," the team said in a press release. "However, in the near term, absent reforms, private domestic demand momentum is expected to remain relatively weak, reflecting the debt overhang in parts of the household and corporate sectors."    The IMF team said that the Korean economy has tided over the recent financial turmoil well, saying that its "strong" fundamentals and "skilled" policymaking make its economy more likely to "benefit from the global recovery."    "However, it will need to rebalance its economic structure to continue lifting the living standards of its population, in an inclusive way, ever closer to that of the richest advanced economies," it noted. The IMF team also gave high credit for the government's efforts to maintain the stability in the financial sector. "The financial sector is sound overall. Banks' vulnerability to external liquidity shocks has declined, as macro-prudential regulations have reduced markedly banks' short-term external debt," the team said. "Korea has emerged as a safe haven of sorts in the summer's market turmoil. Low inflation, a strong fiscal position and ample foreign currency reserves have strengthened Korea's attractiveness to risk-averse investors," it added. The IMF team emphasized that the government should not withdraw its policy support "too soon." In particular, it noted that fiscal policy has an "essential" role to play.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf keeps 2014 growth outlook for south korea at 37 Arab Today, arab today imf keeps 2014 growth outlook for south korea at 37

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf keeps 2014 growth outlook for south korea at 37 Arab Today, arab today imf keeps 2014 growth outlook for south korea at 37

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday