Fiscal Balance in Korea

Korea Fiscal Balance | Economic News & Forecasts

Korea - Fiscal Balance

The economy eked out a stronger expansion in the second quarter after growth slumped to a near one-decade low in Q1. While fiscal stimulus led the acceleration, weakness prevailed elsewhere in the economy. Particularly, investment languished amid the downturn in the global IT market and the U.S.-China trade clash. Meanwhile, the outlook for the third quarter is precarious. In July, merchandise exports continued to shrink and the export-oriented manufacturing sector contracted at a sharper rate, boding poorly for the external sector. Moreover, heightened uncertainty over the global outlook was echoed by a further deterioration in consumer and business sentiment at the outset of Q3. That said, a ramping up of government investment should buoy growth, with nearly three-quarters of the supplementary budget expected to be spent in July and August.

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

Bond Yield1.341.55 %Sep 04
Exchange Rate1,2080.21 %Sep 04
Stock Market1,989-0.40 %Sep 04

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