Recruiter In Korea

The Honest Truth About Recruiting in Korea

Korean economy to grow 4.5 percent in 2010: IMF

with one comment

Good news from the Korea Herald?  Seems like there’s also a lot of foreign investment activity in Korea as well.

The International Monetary Fund said Wednesday that the Korean economy is expected to grow 4.5 percent this year on robust exports, improving domestic demand and inflows of foreign investment, Yonhap news agency said.

The Washington-based lender said in its quarterly World Economic Outlook report that the 2010 growth projection for Korea remained the same as the earlier forecast made in January, while that for the world economy was revised up to 4.2 percent from 3.9 percent, the news report said.

The Korean economy averted a recession in 2009 and pulled off a 0.2 percent growth amide the worst global economic downturn in decades.

The Asia’s fourth-largest economy is expected to see a 5 percent growth in 2011, the IMF added.

Korea is one of only three members of the Organization of Economic Cooperation and Development (OECD) that avoided negative growth last year.

The other two are Australia and Poland.


Written by recruiterinkorea

April 22, 2010 at 11:15 am

Posted in Uncategorized

One Response

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  1. […] a comment » Maybe I spoke too soon.  My one bluechip (POSCO) has fallen more than 5% as of today (which is a lot at least to me […]

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