Foreign media: Economic Organization predicts that South Korea's price has risen 5.2% this year's highest since 1998

Zhongxin Jingwei, September 19th. According to the Yonhap News Agency, the Ministry of Planning and Finance of South Korea showed that the "2022 South Korea Economic Report" released by the OECD (OECD) on the same day will increase South Korea's 2022 price increase expected from the original 4.8%of the original 4.8% To 5.2%, the expected economic growth expectations were raised from 2.7%to 2.8%.

The report pointed out that the rising price of prices is the same as the Bank of Korea (central bank), but higher than the Korean government (4.7%), the International Monetary Fund (IMF, 4%), and Asian Development Bank (ADB, 4.5%). If the OECD is expected to sit down, the increase in price of South Korea will reach the highest value since 1998 (7.5%). The possibility of prices in the first eight months of this year has increased by 5%year -on -year, and the possibility of price increases by more than 5%throughout the year gradually increased. The report also raised the expected increase in 2023 from the original 3.8%to 3.9%.

In terms of economic growth expectations, the expected expectations of OEMs are higher than IMF (2.3%), ADB (2.6%), South Korean government (2.6%) and central banks (2.6%). The report will increase the growth of private consumption expenditures from the original 2.3%to 3.7%, and predicts that private consumption recovery will drive economic growth. However, export growth is expected to cut from 9.2%to 4.7%. The Economic Organization reduced the expected economic growth in 2023 from 2.5%to 2.2%.

The report mentioned that in the report, the Economic Organization pointed out that the rise in raw material prices and the obstruction of the supply chain caused the increase in prices to increase pressure. Affected by this, private consumption recovery was slow. In other words, rising prices will restrict economic recovery. (Zhongxin Jingwei APP)

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