Difference between revisions of "Continuing the low growth of korea's economy"
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==Description:== | ==Description:== | ||
After showing over-par growth of 6.3 percent in 2002, the south korean economy standard to lose its growth momentum. | After showing over-par growth of 6.3 percent in 2002, the south korean economy standard to lose<br> its growth momentum. Korea's robust growth in 2002 had been sustaind by <br>the overall resiliency of domestic demand, even as worldwide economic conditions deteriorated <br>and korean experts fall.<br> | ||
Korea's robust growth in 2002 had been sustaind by the overall resiliency of domestic demand, even as worldwide economic conditions deteriorated and korean experts fall.<br> | |||
However this engine of korean growth has weakened recently.<br> | However this engine of korean growth has weakened recently.<br> | ||
==Enablers:== | ==Enablers:== | ||
Korea's economy is heavily dependent on oil imports and recently oil price hikes.<br> | |||
North korea withdraw from the Nuclear Nonproliferation Treaty and threatened to reprocess plutonium<br> | |||
==Inhibitors:== | ==Inhibitors:== | ||
South korea's economic growth rate is projected to be around 4% in 2005, lower than the 4.6% recorded in 2004<br> | |||
2 | Private consumption is expected to slowly recover to the mid 2% range<br> | ||
==Paradigms:== | ==Paradigms:== | ||
1) | 1) Before : | ||
2) | 2) After : | ||
==Experts:== | ==Experts:== | ||
==Timing:== | ==Timing:== | ||
From terrorist attacks, 9.11 and war in iraq to | |||
==Web Resources:== | ==Web Resources:== | ||
http://www. | http://www.dallasfed.org<br> | ||
Revision as of 12:17, 17 November 2005
Description:
After showing over-par growth of 6.3 percent in 2002, the south korean economy standard to lose
its growth momentum. Korea's robust growth in 2002 had been sustaind by
the overall resiliency of domestic demand, even as worldwide economic conditions deteriorated
and korean experts fall.
However this engine of korean growth has weakened recently.
Enablers:
Korea's economy is heavily dependent on oil imports and recently oil price hikes.
North korea withdraw from the Nuclear Nonproliferation Treaty and threatened to reprocess plutonium
Inhibitors:
South korea's economic growth rate is projected to be around 4% in 2005, lower than the 4.6% recorded in 2004
Private consumption is expected to slowly recover to the mid 2% range
Paradigms:
1) Before : 2) After :
Experts:
Timing:
From terrorist attacks, 9.11 and war in iraq to