Monthly Economic Trends KDI Monthly Economic Trends 2024. 7 July 08, 2024
- Summary
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■ Despite high growth in exports, Korea’s domestic demand has yet to exhibit signs of a recovery trend, resulting in a somewhat tepid improvement in overall economic conditions. ○ Exports maintain a favorable trend centered on ICT products. - As the global trade downturn eases, the semiconductor market remains strong. - Accordingly, semiconductor exports and production are showing high growth. ○ However, as the high-interest rate environment persists, domestic demand has not shown signs of recovery. - Loan delinquency rates are rising, while retail sales, equipment investment, and construction investment are all on the decline. - Consequently, inflation is nearing the target, and employment conditions are adjusting, particularly in the service and construction industries. ○ Meanwhile, external risk factors, such as heightened geopolitical tensions, continue to persist.
- Contents
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Major Economic Indicators
Summary and Assessment
Major Indicators of the Korean Economy
1. Gross Domestic Product
(at 2020 Constant Prices)
2. Economic Activity
3. Consumption
4. Equipment Investment
5. Construction Investment
6-1. Exports, Imports and Terms of Trade
6-2. Current Account and Financial Account
7. Employment and Wage
8. Price Indices
9-1. Financial Market (I)
9-2. Financial Market (II)
10. Housing Market
11-1. Major Indicators of the World Economy (I)
11-2. Major Indicators of the World Economy (II)
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