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Issue Report

Collection of full-length papers and in-depth analysis of economic and management issues.

The Shift in Economic Structure & Prospects for 2004

The Shift in Economic Structure & Prospects for 2004

Apr. 1, 2004

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The Korean economy is expected to grow 5.3% on strong exports in the midst of sagging domestic demand. Exports are expected to jump 26.3% year-on-year thanks to the global economic recovery, and contribute 10.6% to Korea's GDP growth. In stark contrast, the forecast for private consumption, which accounts for half of the GDP, is a meager 3% with the degree of contribution to the national economy standing only at 1.5%.

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