The external environment damaged exports and growth in 2015. Growth will remain stable this year as continued weak external demand will be offset by rising private consumption.
Resurgence in household debt could dampen consumption, while a relatively strong won against the yen and excess capacity could undermine investment.
|Composite Stock Price Index 1||2.0 (Jan17)||2.0||1.0|
|Broad Money Growth 2||7.3 (Dec16)||7.3||7.4|
|Headline Inflation Rate 3||1.3 (Dec16)||1.5||1.1|
|Industrial/ Manufacturing Production Growth Rate 3||3.3 (Dec16)||4.9||2.8|
|Merchandise Export Growth 3||11.2 (Jan17)||11.2||6.4|
|Exchange Rate Index 4||120.2 (Jan17)||120.2||120.7|
|1 Monthly average, local index.|
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
|Source: Bloomberg LP; CEIC database; National Statistical Office; Korea Customs Service.|