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Republic of Korea: Staff Report for the 2015 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2015 Article IV Consultation highlights that Korea’s growth momentum that had been building since early 2013 has stalled. Average quarterly growth rate declined to about 0.5 percent in the last three quarters of 2014 from about 1 percent in the previous four quarters. A turning point was the April 2014 Sewol ferry accident, which had a surprisingly large and persistent impact on consumer and investor sentiment. Growth is projected to be in a range centered about 3 percent in 2015. The main external risks include slower-than-expected growth in Korea’s main trading partners, the impact of a persistently weak yen on Korean export industries, and side-effects from the global financial conditions.

Suggested Citation

  • International Monetary Fund, 2015. "Republic of Korea: Staff Report for the 2015 Article IV Consultation," IMF Staff Country Reports 2015/130, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2015/130
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    Cited by:

    1. Gatien Bon & Gong Cheng, 2021. "Understanding China's role in recent debt relief operations: A case study analysis," International Economics, CEPII research center, issue 166, pages 23-41.
    2. Kose,Ayhan & Ohnsorge,Franziska Lieselotte & Ye,Lei Sandy & Islamaj,Ergys, 2017. "Weakness in investment growth : causes, implications and policy responses," Policy Research Working Paper Series 7990, The World Bank.
    3. International Monetary Fund, 2016. "Thailand: Selected Issues," IMF Staff Country Reports 2016/140, International Monetary Fund.
    4. Zharku Lutfi, 2018. "(Un)Productive Use of Public Debt in Kosovo," Ekonomika (Economics), Sciendo, vol. 97(2), pages 18-37, December.
    5. Zharku Lutfi, 2018. "Irregular Receipts Leading to Budget Deficits in Kosovo," Baltic Journal of Real Estate Economics and Construction Management, Sciendo, vol. 6(1), pages 100-115, August.
    6. Ian Parry & Victor Mylonas & Nate Vernon, 2021. "Mitigation Policies for the Paris Agreement: An Assessment for G20 Countries," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 8(4), pages 797-823.
    7. Jeffrey A. Frankel, 2016. "International Coordination," NBER Working Papers 21878, National Bureau of Economic Research, Inc.
    8. Wagner, Prof. Dr. Helmut, 2016. "The Building Up of New Imbalances in China: The Dilemma with ‘Rebalancing’," MPRA Paper 71494, University Library of Munich, Germany.
    9. repec:cnb:ocpubv:as15 is not listed on IDEAS
    10. repec:cnb:ocpubv:as17 is not listed on IDEAS
    11. Wagner, Helmut, 2016. "The building up of new imbalances in China: The dilemma with 'rebalancing'," CEAMeS Discussion Paper Series 3/2016, University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS).
    12. Hyun-Hoon Lee & Donghyun Park & Kwanho Shin, 2017. "Effects of China's Structural Change on the Exports of East Asian Economies," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 25(3), pages 1-30, May.
    13. repec:cnb:ocpubv:as16 is not listed on IDEAS
    14. Gatien Bon & Gong Cheng, 2020. "China’s overseas Sovereign debt relief actions: What insights do recent cases provide?," EconomiX Working Papers 2020-22, University of Paris Nanterre, EconomiX.
    15. Ian W.H. Parry & Baoping Shang & Mr. Philippe Wingender & Nate Vernon-Lin & Tarun Narasimhan, 2016. "Climate Mitigation in China: Which Policies Are Most Effective?," IMF Working Papers 2016/148, International Monetary Fund.
    16. Ian Parry & Baoping Shang & Nate Vernon & Philippe Wingender & Tarun Narasimhan, 2020. "Evaluating policies to implement the Paris Agreement: a toolkit with application to China," Chapters, in: Graciela Chichilnisky & Armon Rezai (ed.), Handbook on the Economics of Climate Change, chapter 2, pages 32-67, Edward Elgar Publishing.
    17. Mr. Alexei P Kireyev & Andrei Leonidov, 2016. "China’s Imports Slowdown: Spillovers, Spillins, and Spillbacks," IMF Working Papers 2016/051, International Monetary Fund.
    18. Ana Martinis & Igor Ljubaj, 2017. "Corporate Debt Overhang in Croatia: Micro Assessment and Macro Implications," Working Papers 51, The Croatian National Bank, Croatia.
    19. World Bank Group, 2017. "Global Economic Prospects, January 2017," World Bank Publications - Books, The World Bank Group, number 25823.
    20. Mislav Brkic, 2016. "Greek Sovereign Debt Crisis: Causes, Fiscal Adjustment Programs and Lessons for Croatia," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 18(1), pages 71-99, June.

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