ROK faces long-term challenges: IMF
Afp, Seoul
South Korea's economy is in good shape but faces longer-time challenges from an ageing society and cheaper foreign manufacturers, the International Monetary Fund said Wednesday. It urged policymakers to create a more attractive foreign investment climate and to continue developing the financial sector, as part of efforts to transform the economy. "The Korean economy is in good shape," said an IMF statement issued after an annual two-week-long consultation. With domestic demand holding up and exports continuing to perform well, it forecast growth of 4.4 percent for this year, the same as the central bank's estimate.
|
|
