이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Korean govt, central bk turn grimmer on 2017 economy
- Collected
- 2016.11.25
- Distributed
- 2016.11.28
- Source
- Go Direct
“Domestic and international economic risks have escalated since our last outlook revision in October. We will have factor the domestic political instability and external risks when releasing growth estimate in January,” a senior central bank official said, declining to be named.
The BOK trimmed the growth outlook from 2.9 percent to 2.8 percent last month during the monetary policy meeting, fearing sluggishness in consumption and construction sector.
But that was before the disastrous spillover of unprecedented power abuse scandal involving President Park Geun-hye and her associates that has called for the first-ever criminal investigation on a sitting president and possible impeachment action and put state leadership in limbo. Then came the upset from the U.S. presidential election victory of Donald Trump whose economic and security agenda could bring about sweeping changes in the global trade and security order that could be hard on Korea which relies the U.S. heavily for trade and security support.
The Ministry of Strategy and Finance, which under current administration never had put growth estimate figure under 3 percent, is expected to reflect next year’s outlook on more “realistic grounds factoring various downside risks”, according to a ministry official.
Korea’s gross domestic product is estimated to grow by annualized 2.7 percent this year, according to BOK estimate in October. It grew 2.6 percent in 2015.
By Cho Si-young and Chun Jung-hong
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]