s korea\s consumer prices to rise 43 this year
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

S. Korea's consumer prices to rise 4.3% this year

Arab Today, arab today

Arab Today, arab today S. Korea's consumer prices to rise 4.3% this year

Seoul - Yonhap

South Korea's consumer prices will likely rise 4.3 percent this year due to high food costs and public service charges, despite the government's anti-inflation efforts, a private think tank said Thursday. The Hyundai Research Institute (HRI) said the inflation forecast represents a 0.3 percentage point gain from its prediction released in June. It is higher than the government's consumer price control target of 4 percent. The HRI, in addition, said growing global and domestic economic uncertainties could cause South Korea's gross domestic product (GDP) to move up 4.2 percent this year, down from a gain of 4.3 percent predicted earlier in the year. "The country has been able to maintain its growth momentum and its current account surplus in the face of economic woes triggered by problems in advanced industrialized countries, but it is starting to feel effects of the sluggish global economy," the institute said. The revised growth prediction is the same as the number released by the Bank of Korea, although lower than the 4.5 percent gain predicted by the finance ministry. The HRI added that due to inflationary pressure and sluggish unemployment conditions. economic growth of Asia's fourth largest economy may stand at around 4.0 percent in 2012. The think tank, meanwhile, predicted South Korea's private sector consumption growth will hover at 3.3 percent this year, with unemployment to reach 3.5 percent. It said the Korean won-U.S. dollar exchange rate, which affects trade and consumer prices, should reach an average of 1,085 won to the greenback this year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

s korea\s consumer prices to rise 43 this year s korea\s consumer prices to rise 43 this year

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

s korea\s consumer prices to rise 43 this year s korea\s consumer prices to rise 43 this year

 



GMT 12:11 2017 Thursday ,27 July

Tony Baroud to present new TV show

GMT 23:00 2017 Monday ,16 October

Egypt FM to head for Slovenia on Monday

GMT 20:06 2017 Friday ,20 January

Daesh in new demolitions at Syria’s Palmyra

GMT 21:06 2017 Friday ,24 November

Marriyum condemns Hayatabad terrorists attack

GMT 01:00 2017 Saturday ,25 November

Cabinet Affairs Minister Meets Indonesian Ambassador

GMT 02:34 2018 Thursday ,04 January

Merger creates state-owned gas giant

GMT 10:08 2017 Tuesday ,07 March

Geneva farce: The regime is the opposition

GMT 10:19 2017 Saturday ,18 November

AJK Prime Minister condemns across LoC shelling
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday