KDI Economic Outlook 2015 2nd Half

Abstract

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Korea’s GDP growth in 2016 is projected to mark around 3% amid a modest recovery in domestic demand.

CPI inflation is forecast to edge up marginally to around the low to mid-1% mark, as expected inflation remains low.

The current account will run a huge surplus of over $100 billion, as oil prices remain low and structural factors such as population aging continue to build.