소장기록
제목BUFF 99.151 Statement by the Staff Representative on Republic of Korea Executive Board Meeting 99134
설명Statement by the Staff Representative on Republic of Korea Executive Board Meeting 99/134 December 17,1999 1. The following statement provides additional information that has become available since the circulation of the staff report (EBS/99/216). These developments do not change the thrust of the staff appraisal. Macroeconomic developments 2. Recent indicators provide further evidence of the strength of the economic expansion and the balance of payments. Specifically: l Industrial production rose 30% percent (year-on-year) in October, fueled by strong export growth. Indicators of domestic demand such as equipment investment and retail and wholesales were also sharply up in October. In addition, the construction sector, which has remained sluggish so far, is now beginning to show signs of recovery. l The Minister of Finance and Economy recently stated that growth in 1999 is likely to top the last Ministry estimate of 9 percent (which is also the forecast in the staff report) and reach about 10 percent. l November CPI data indicate continued low inflation. The CPI fell 0.2 percent against the previous month due to lower agricultural prices, although year-on-year inflation rose slightly to 1.4 percent.
생산자IMF
날짜1999-12-16
기록유형문서류
기록형태회의록/자료
주제IMF협상
식별번호KC-R-00974
제목BUFF 99.151 Statement by the Staff Representative on Republic of Korea Executive Board Meeting 99134
설명Statement by the Staff Representative on Republic of Korea Executive Board Meeting 99/134 December 17,1999 1. The following statement provides additional information that has become available since the circulation of the staff report (EBS/99/216). These developments do not change the thrust of the staff appraisal. Macroeconomic developments 2. Recent indicators provide further evidence of the strength of the economic expansion and the balance of payments. Specifically: l Industrial production rose 30% percent (year-on-year) in October, fueled by strong export growth. Indicators of domestic demand such as equipment investment and retail and wholesales were also sharply up in October. In addition, the construction sector, which has remained sluggish so far, is now beginning to show signs of recovery. l The Minister of Finance and Economy recently stated that growth in 1999 is likely to top the last Ministry estimate of 9 percent (which is also the forecast in the staff report) and reach about 10 percent. l November CPI data indicate continued low inflation. The CPI fell 0.2 percent against the previous month due to lower agricultural prices, although year-on-year inflation rose slightly to 1.4 percent.
생산자IMF
날짜1999-12-16
크기 및 분량2쪽
언어영어
출처IMF
기록유형문서류
기록형태회의록/자료
대주제IMF협상
소주제후속조치
자원유형기록
파일 760c1d2fd09b97784106a951bd2e8bbd.pdf
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