Fiscal Balance in Korea

Korea Fiscal Balance | Economic News & Forecasts

Korea - Fiscal Balance

The economy seems to have remained on feeble footing in the second quarter. Exports plunged in June, largely on a sharp fall in semiconductor sales, while the PMI was stuck in contractionary territory, stymied by shrinking demand. Consequently, consumers and businesses remained decidedly pessimistic in June and for July, respectively. In early June, the government released its economic agenda for H2, which spelled out plans to spend nearly three-quarters of the supplementary budget in the first two months, spur investment and expand tax incentives in a bid to boost domestic demand and revive the flagging external sector. In the political arena, while Japanese restrictions on exports to Korea of several high-tech smartphone materials will likely further hamper the economy, its unintended consequence of boosting semiconductor prices should aid Korean tech firms in the short-term.

Korea - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)1.0  0.5  0.0  1.0  1.3  

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Korea Facts

ValueChangeDate
Bond Yield1.551.55 %Jul 11
Exchange Rate1,1740.21 %Jul 11
Stock Market2,081-0.40 %Jul 11

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