BORN2GLOBAL

  • banner
  • banner
  • banner
  • banner

H > News

  • IMF predicts 3 percent growth for Korea

  • Korea_IMP_Article_20180418.jpg

    The IMF forecasts on April 17 that Korea’s GDP growth rate for 2018 and 2019 will be 3.0 and 2.9 percent, respectively.

    (Korea.net DB)



    By Park Gil-ja and Hahm Hee-eun

    The International Monetary Fund (IMF) has predicted that the Korean economy will grow by 3 percent this year and by 2.9 percent next year.

    The IMF released its World Economic Outlook Report on April 17 in which it predicts Korea's gross domestic product (GDP) growth forecasts for this year and next. This corresponds with what the IMF and the Korean government have predicted in an earlier report in February.

    Those figures are slightly lower than last year's growth rate of 3.2 percent, but they're still consistent with the Korean government's own expectations. The IMF has taken into account the fact that Korea's export performance is good and that the government is expanding its money-making policies.

    Other international organizations, such as the Organization for Economic Co-operation and Development (OECD) and the Asian Development Bank (ADB), have also projected Korea's growth rate to be 3.0 percent this year. If this trend continues, the Korean government’s goal to reach 3 percent economic growth this year is expected to be accomplished without any difficulty.

    The IMF publishes two annual world economic reports per year, in April and October. They predict economic growth rates for each country. The IMF kept its prediction for overall global economic growth rate at 3.9 percent both this year and next year, which was announced in a revised economic forecast report in January.


    krun@korea.kr




    Comments

STARTUPS OF THE WEEK

    • 1 Mesh Korea
      Headquarters

      2~4F, Iksung Building, 6, Bongeunsa-ro 112-gil, Gangnam-gu, Seoul, 06170

      Description

      Innovative Last Mile Logistics Platform

    • 2 SendBird
      Headquarters

      541 Jefferson Ave. Suite 100 SendBird, Redwood City, CA 94063

      Description

      The Simplest Solution for Chat and Messaging

    • 3 SMART STUDY
      Headquarters

      5F, 94, Myeongdal-ro Seocho-gu, Seoul, 06668

      Description

      Sing, Play and Learn with PINKFONG

    • 4 COOLJAMM Company
      Headquarters

      14F, 5, Teheran-ro 69-gil Gangnam-gu, Seoul, 06160

      Description

      Let Your Voice Compose — The Simplest Music Creation App for Dreamers

    • 5 Visual Camp
      Headquarters

      Startup Campus #325, 289beon-gil 20, Pangyo-ro Bundang-gu, Gyeonggi-do, 13488

      Description

      Eye Tracking Technologies for Mobile VR Devices

    • 6 4DREPLAY KOREA
      Headquarters

      3003 NORTH 1ST ST. SUITE#221 SAN JOSE, CA, 95134

      Description

      Creating Experience ─ Highly Advanced 4D Video Solution

    • 7 Dable
      Headquarters

      #301, 22, Nonhyeon-ro 79-gil, Gangnam-gu, Seoul, 06237

      Description

      Explain Your Business in One Line

    • 8 MOPIC
      Headquarters

      85307, corporate collaboration center, 2066 Seobu-ro, Jangan-gu, Suwon-si Gyeonggi-do, Korea 16419

      Description

      Your Breathtaking Mobile 3D Theater

    • 9 MOIN
      Headquarters

      B2F, Google Campus, 417, Yeongdong-daero, Gangnam-gu, Seoul, 06182

      Description

    • 10 Exosystems, Inc.
      Headquarters

      #804, 815, Daewangpangyo-ro, Sujeong-gu, Seongnam-si, Gyeonggi-do, Republic of Korea

      Description

      Exosystems provides a new paradigm of rehabilitation with the slogan-“Fun @Home, Data Driven Rehab!”

    • 11 NEWRATEK
      Headquarters

      2~4F, Iksung Building, 6, Bongeunsa-ro 112-gil, Gangnam-gu, Seoul, 06170

      Description

      New Radio Communications for a New Era

    • 12 ZOYI Corporation
      Headquarters

      15F, KR Tower, 141, Teheran-ro Gangnam-gu, Seoul, 06132

      Description

      Growth Hacking for O2O Commerce

    • 13 Luxrobo
      Headquarters

      63 Building, #10, 4F, Hanwha Financial Center, 60, Yeouido-dong Yeongdeungpo-gu, Seoul, 07345

      Description

      Create Anything You Want with Robotics of Things

    • 14 SketchOn
      Headquarters

      Corporate Collaboration Center #85313, 2066, Seobu-ro, Jangan-gu, Suwon-si, Gyeonggi-do, 16419

      Description

      Harmless, Easy-to-Erase Printed Tattoos

    • 15 Salted Venture
      Headquarters

      340 Nonhyeon-ro, Gangnam-gu, Seoul, 06227

      Description

      Fixing Golf Swings and Squats from the Feet

    • 16 REDTABLE
      Headquarters

      410, Startup Campus Building #3, 20, Pangyo-ro 289 beon-gil, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

      Description

    • 17 eyedea
      Headquarters

      5F, 98, Seongmisan-ro, Mapo-gu, Seoul, 03986

      Description

      Autonomous Flying Selfie Drone

    • 18 Innomdle Lab
      Headquarters

      2F, 3, Eonnam 1-gil, Seocho-gu, Seoul, 06778

      Description

      Touch Your Sound

startups_left startups_right