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Gist of S. Korea's economic outlook for 2010

All Headlines 17:30 December 10, 2009

SEOUL, Dec. 10 (Yonhap) -- The following are the South Korean government forecasts for annual growth, investment, consumption, exports and other figures for this year and 2010, unveiled Thursday under its annual economic management plan.

The projections are based on the premise that the world economy will expand 3.1 percent next year as suggested by the International Monetary Fund, with oil prices maintaining an average of US$80 per barrel.

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2009 2010

GDP growth 0.2 pct 5.0 pct

Private consumption 0.4 pct 4.2 pct

Facility investment minus 9.8 pct 11.0 pct

Construction investment 3.1 pct 3.2 pct

Consumer inflation 2.8 pct 3.0 pct

Current account surplus US$42 bln US$15 bln

Exports minus 13.9 pct 13.2 pct

Imports minus 26.0 pct 21.1 pct

Increase in employed people 70,000 down 200,000 up

kokobj@yna.co.kr
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