Economy To Contract By 3.3% In 2009

March 2009
Asia Monitor: China & North East Asia Monitor;Mar2009, Vol. 16 Issue 3, p1
Country Report
The article presents the gross domestic product (GDP) forecast for South Korea in 2009. According to the Business Monitor International (BMI), the country's GDP has declined because of the global recession. It further states that the country's private consumption growth has been sluggish since the Asian financial crisis in 1997-1998 which led to unemployment.


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