The IMF expects South Korea's per capita income to exceed 30,000 Neinian in recent years

Source: Internet
Author: User
Keywords Economic crisis national income
Tags consumer consumer prices economic economic crisis economic growth financial crisis higher international monetary
Xinhua Seoul May 6, the International Monetary Fund (IMF) 6th issued a report that the economic growth is weak and inflation upward pressure constraints, South Korea per capita income in five years it is difficult to break through the 30,000 dollar mark. The report argues that South Korea's future economic growth may be weak, coupled with South Korea is now under the pressure of higher prices, which will be a constraint on South Korea's per capita national income to break 30,000 of the main factor.  The IMF predicts that South Korea's consumer prices for 2013 to 2015 will grow at an annual rate of 3% per cent, the fastest pace in all the countries covered by the report. The report says South Korea's nominal per capita income will break 20,000 dollars this year, as South Korea's economy recovers from the financial crisis and economic crisis at a faster pace. The report also predicts that by 2015, South Korea's nominal per capita national income will remain at 2.  790,000 dollars or so. South Korea's per capita income exceeded the 20,000 dollar mark for the first time in 2007, but fell to 1 in 2008, hit by the financial crisis and economic crisis. 920,000 dollars, further slipped to 1 in 2009.  700,000 dollars. In terms of income levels, South Korea ranked 29th in 2010 in 33 of the world's advanced economies, the report said. In 2007, South Korea ranked 28th in 2008 and 2009 for 31st place.

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