IMF "내년 한국 성장률 3.0% 전망"…3개월 만에 0.1%p 상승
The International Monetary Fund is expecting a positive outlook for the Korean economy, and it seems internal reports are also raising Korea's GDP growth forecast for next year.
This comes despite the IMF cutting its expectations for global growth rates.
Kwon Jang-ho has the numbers and more.
For the first time in two years, the IMF is raising its growth forecast for the Korean economy.
That's according to Korea's finance ministry, which revealed the details of an IMF report that coincided with the G20 finance minister's meeting held in China on Friday and Saturday.
The report forecasts Korea's economy to grow 3-percent in 2017, up zero-point-1 percentage points from its official World Economic Outlook report released in April.
The growth outlook for this year stood at 2-point-7 percent.
Ministry officials cited the government's expected decision to approve a supplementary budget as a major contributing factor.
The ministry expects the numbers to stay the same in the IMF's next official Outlook report due in October.
Sunday's report is an addition to an Outlook update released on Tuesday that the cut global economic growth rate by zero-point-1 percentage points for 2016 and 2017, primarily due to Britain's decision to leave the European Union.
"The United Kingdom's June 23 vote to leave the European Union adds downward pressure to a world economy at a time when growth has been slow amid and array of pre-existing risks.
The UK's forecast was slashed by almost one-percentage point for 2017, to 1-point-three percent growth, and the outlook has been reduced for the rest of Europe and Japan as well.
But the IMF said the impact in other areas remains limited, with the U.S., Canada and emerging economies seeing minimal change.
Kwon Jang-Ho, Arirang News.
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