Uncertainties surrounding the Korean economy’s growth path still exist, however, given the possibilities of delayed recoveries in advanced countries, of a recurrence of global financial market unrest, and of hikes in oil prices. Prices are forecast to remain stable on the whole, but may face growing upward pressures from the second half on.
While the Korean economy is expected to do better overall this year than last, there are many tasks yet to be carried out if we are to fully escape the influence of the crisis and return our economy onto a firm track of growth.