|
COPYRIGHT 2007 Asia Pulse Pty Ltd
SEOUL, Jan. 2 Asia Pulse - Despite brisk growth last year, concerns are mounting over what lies in store for the Korean economy in 2007 as low employment and soaring house prices are feared to drag domestic spending further below previously expectated levels, economists say.
South Korea's economy, Asia's fourth-largest, is estimated to have advanced 5 per cent in 2006, up from 4 per cent a year earlier, backed by resilient exports and a recovery in domestic consumption.
Since late 2006, however, concerns have arisen over the pace of consumer spending growth - hampered by increased debt - which is seen as a key determinant of the economy's recovery after a credit bubble burst at the end of 2002.
Domestic spending grew at its slowest pace in nearly a year in the third...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
