▣ Korea’s economy resumed its growth trend on the back of consumption recovery and continuing growth in exports,
but the pace has been moderate largely due to sluggishness in construction investment.
■ Regarding the future path of growth, uncertainty has increased somewhat compared to the previous outlook.
▣ CPI inflation has slowed to the 1% range due to downward pressure from supply side factors, such as oil prices,
while core inflation remains stable at around 2%.
■ While we have gained further confidence that inflation is progressing towards price stability,
uncertainty related to the situation in the Middle East remains heightened.