Korea's Current Account Deficit Likely to Reach 7 Billion U.S. dollars Won This Year

摘要

Korea's economy is expected to rise 6 percent this year, but its annual current account deficit is anticipated to reach 7 billion U.S. dollars. The Ministry of Strategy and Finance (MOSF) forecast on March 10 that it will be possible for the nation's GDP growth rate to reach 6 percent this year, if the government expands the nation's domestic consumption base by reforming the various current regulations on the enterprises and lowering corporate tax rates as soon as possible to boost investments and consumption.