The Green Book: Current Economic Trends
Overview The Korean economy is on a recovery track in the second half with domestic demand, such as private consumption, showing stronger signs of improvement. Recovery in private consumption has accelerated driven by durable consumer goods including automobiles. A modest growth was seen in facility investment, while recovery in construction investment slowed. Exports (on current account basis), despite concerns over possible slowdown, continued a double-digit growth of 14.9 percent in July and August due to a sustained robust overseas demand. The improving economy was well captured in...