Arab Today, arab today s korean economy to grow 4next year
Last Updated : GMT 20:55:10
Arab Today, arab today
Arab Today, arab today

S. Korean economy to grow 4 % next year

Arab Today, arab today

Arab Today, arab today S. Korean economy to grow 4 % next year

Seoul - Yonhap

South Korea\'s economic growth will likely lose steam in 2012 from this year as the weakening global economic recovery is feared to make a dent in its exports, a private think tank said Tuesday. In its economic outlook for next year, Hyundai Research Institute (HRI) predicted the local economy will expand 4 percent in the coming year, which is lower than its 4.2 percent estimate for this year. HRI\'s prediction is much lower than the government\'s growth forecast of 4.8 percent for next year. The government expects the economy to grow 4.5 percent this year. The think tank attributed next year\'s economic slowdown largely to weakening exports, the main driver of the South Korean economy, Asia\'s fourth-largest. The country\'s overseas shipments are expected to grow 14 percent on-year in 2012 as a recovery in exports to emerging nations will likely be offset by a slowdown in demand for South Korean products from advanced economies. South Korea\'s imports are likely to grow 16 percent on-year in 2012 due mainly to high international materials costs, including oil prices, the think tank said. South Korea is the world\'s fifth-largest crude oil importer and relies entirely on imports for its oil needs. The HRI said the South Korean currency will likely keep appreciating against the U.S. dollar next year, rising to the 1,050-won level to the greenback on the U.S. unit\'s overall weakness, Seoul\'s sustained current account surplus and a continued inflow of foreign investment funds. The local currency closed at 1,077.3 won to the greenback on Friday, down 2.2 won from Thursday\'s close. The local financial markets were closed for the Chuseok holiday on Monday and Tuesday.  

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 s korean economy to grow 4next year Arab Today, arab today s korean economy to grow 4next year

 



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 s korean economy to grow 4next year Arab Today, arab today s korean economy to grow 4next year

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
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 Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
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 Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
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 Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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