South Korea economic growth forecast 2011-2012

South Korea economic growth forecast 2011-2012 : South Korea is forecast to grow at a slower-than-expected rate of 4.2 percent this year due to weak private consumption stemming from mounting household debts, a market expert said Friday.

South Korea's economic growth slowed to 0.9 percent on-quarter in the second quarter from 1.3 percent on-quarter the previous quarter. The government hinted early this month at lowering the growth target for the year, citing persistent downward risks. The government is targeting a growth rate of 4.5 percent for the year.

South Korea Political and Economic Outlook 2011
This hub presents the South Korea political and economic outlook for 2011 to 2015. Additionally, this presents demographic and geographical tidbits about South Korea. The main sources of information presented in this outlook and discovery were country intelligence organizations including the Economist Intelligence Unit, Country Watch, and CultureGrams, and International Futures (IFs) software created by a group headed by Dr. Barry Hughes of the University of Denver. IFs graphs included in this outlook show basic economic trends and projections to 2030 in terms of GDP per capita at year 2000 USDs purchase parity price, GDP growth rate, and percentage of GDP by industry sector. Read more

Bank of Korea Cuts Its 2011 Growth Forecast
The Bank of Korea lowered its economic growth forecast for this year on an expected slowdown in domestic demand, while raising the projection of inflation to its target limit. South Korea’s economy will expand 4.3 percent, compared with the 4.5 percent growth estimated in April, the central bank said today in a statement. Consumer prices are expected to rise 4 percent, higher than the earlier 3.9 percent gain forecast. Read More..

Goldman Sachs ups S. Korea's 2011 growth forecast to 4.7 pct
Goldman Sachs Group Inc. said Friday it has raised South Korea's economic growth estimate for this year to 4.7 percent from 4.5 percent.The move came on the heels of a revision in the United States' growth outlook. Goldman Sachs upgraded its 2011 gross domestic product (GDP) growth estimate to 3.4 percent from 2.7 percent, citing a "looser fiscal stance than expected," it said in a report. Read More..

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