Fiscal Balance in Korea

Korea Fiscal Balance | Economic News & Forecasts

Korea - Fiscal Balance

The outlook for the first quarter moderated in recent weeks as the coronavirus outbreak has disrupted supply chains and is expected to weigh heavily on Chinese demand for Korean manufactured goods. That said, growth should remain robust thanks to strong household spending, buttressed by gains in employment and as consumer confidence hit a 19-month high in January. Moreover, fixed investment should have benefited from higher business sentiment in February and strong government spending targeted at supporting the private sector. This follows Q4’s acceleration which was propelled by a robust external sector. In other news, government officials are expected to unveil an emergency spending plan to counter the impact of the coronavirus. President Moon Jae-in announced USD 365 million in loans to support the tourism and shipping sectors in early February. The next round of stimulus is expected to prop up export-oriented firms. This comes as the number of cases in Korea jumped in recent days prompting a number of nations to tighten travel restrictions to Korea.

Korea - Fiscal Balance Data

2014   2015   2016   2017   2018  
Fiscal Balance (% of GDP)0.5  0.0  1.0  1.3  1.6  

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Korea Facts

Value Change Date
Bond Yield1.681.55 %Dec 31
Exchange Rate1,1560.21 %Dec 31

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