Recent Economic Developments (April 2024)

등록일
2024.04.12
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3544
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담당부서
Macro Forecasting & Research Team(02-759-4202)

Summary


GDP growth this year will be broadly in line with the February forecast of 2.1%, but taking into consideration the fast rebound in exports, it may be slightly above the previous forecast.

 

  ▪ In the domestic economy, exports have been recovering at a rapid pace aided by an upturn in the IT cycle as well as a strong US economy. However, due to the high level of interest rates and cost of living, households and domestic demand-oriented firms are not experiencing the recovery.

 

The deceleration in consumer price inflation has stalled somewhat, and further monitoring of price developments is required in order to gain greater confidence that inflation is falling back to target.

 

  ▪ Core inflation has been falling gradually, as expected, while deceleration in the headline inflation has stalled due to higher oil and agricultural product prices.

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