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Republic of Korea: 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Korea

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  • International Monetary Fund

Abstract

This 2007 Article IV Consultation highlights that the Republic of Korea is enjoying its longest uninterrupted period of economic expansion since the Asian crisis. Growth reached 5 percent in 2006, buoyed by strong exports, and is only expected to slow marginally to 4¾ percent this year. The current account is expected to remain broadly in balance. The impact of the ongoing global financial turbulence has so far been manageable but downside risks to the outlook have increased, with the nascent consumption recovery vulnerable to a downturn in asset markets.

Suggested Citation

  • International Monetary Fund, 2007. "Republic of Korea: 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic o," IMF Staff Country Reports 2007/344, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2007/344
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    Cited by:

    1. Tatom, John, 2007. "Is Tax Policy Retarding Growth in Morocco?," MPRA Paper 6011, University Library of Munich, Germany.
    2. Guillermo Cruces & Gary S. Fields & David Jaume & Mariana Viollaz, 2015. "The growth-employment-poverty nexus in Latin America in the 2000s: Brazil country study," WIDER Working Paper Series 071, World Institute for Development Economic Research (UNU-WIDER).
    3. Pantea Vaziri & Rachel Davidson & Linda Nozick & Mahmood Hosseini, 2010. "Resource allocation for regional earthquake risk mitigation: a case study of Tehran, Iran," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 53(3), pages 527-546, June.
    4. Guillermo Cruces & Gary S. Fields & David Jaume & Mariana Viollaz, 2015. "The growth-employment-poverty nexus in Latin America in the 2000s: Brazil country study," WIDER Working Paper Series wp-2015-71, World Institute for Development Economic Research (UNU-WIDER).

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