Republic of Korea: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Korea
Republic of Korea: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Korea
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Volume/Issue:
Volume 2025
Issue 041
Publication date: February 2025
ISBN: 9798229000161
$20.00
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Topics covered in this book
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Inflation , Labor , Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , introduced FX market , data ROSC report , capital market reform , market entry barrier , PPI manual , Inflation , Labor markets , Global
Summary
The Korean economy has remained resilient against multiple shocks. Economic
growth has recovered, inflation has steadily declined, and financial stability risks have
decreased. However, downside risks have increased amid high uncertainty from policy
shifts in major trading partners and recent domestic political developments. Key
medium-term challenges are to boost the growth potential amidst rapid population
aging, and to adapt to shifting trade patterns, transformative technological change, and
climate vulnerabilities.
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