During the second half of this year we expect the Korean economy to maintain its trend of improvement as exports continue their steady movements, and consumer price inflation to gradually rise from its current low level.
However, together with external risk factors including changes in the US Fed’s monetary policy stance, there are downside risks to growth present domestically as well, including the after-effects of the Sewol ferry accident and the appreciation of the Korean won, and there is thus a need to closely monitor the trends of these conditions.