This picture taken 10 October shows health crew destructing the poultry in the village of Balikesir, western Turkey, 13 October 2005. Turkey slaughtered more fowl after a bird flu outbreak in a northwestern farm as producers put a brave face on the possible economic fallout from bans on Turkish exports to the European Union and other countries. AFP PHOTO/MUSTAFA OZER



KDI expects 5% economic growth

It is estimated by KDI that for the next year there will be 5% growth of the Korean economy.

Announced on October 13, it also expected there will be 3% growth for this year, but there will be slightly higher economic growth next year mainly due growth in domestic consumption.

Both OECD and KDI also concluded that growth next year will reach 4.9%. The Samsung Economic Research Institute also predicts Korean economic growth will reach 4.8%, depending on oil prices.

LG also says the outlook for growth will be 4.6%, whereas the Hyundai economic research institute analyzes 4.5%. With regards to financial policies, KDI indicates that it is better to turn into retrenchment policies for the next year owing to the Korean economy’s substantial restoration.

In sum, there will be a slight economic recovery in Korea.
/ 입력시간: 2005. 10.15. 12:52