Principal international organizations such as the IMF and major central banks see little risk of the world economy drifting into a double-dip recession. The Korean economy Bolstered by these improvements in world economic conditions the Korean economy is continuing its pronounced upward trend.
In the first half of this year the GDP growth rate came in at 7.6% year on year, driven by resilient domestic and external demand. Exports led the economic upswing with exports for the whole month and daily average exports chalking up their highest-ever monthly figures.