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Grim Economic Outlook for Next Year

 
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Real Reality



Joined: 10 Jan 2003
Location: Seoul

PostPosted: Sun Oct 29, 2006 3:35 am    Post subject: Grim Economic Outlook for Next Year Reply with quote

Grim economic outlook for next year
Private research institutes are painting a gloomier picture of the country's economic outlook next year amid lingering uncertainties over North Korea's nuclear test and a faster-than-expected slowdown of the global economy.
By Lee Sun-young, Korea Herald (October 30, 2006)
http://www.koreaherald.co.kr/SITE/data/html_dir/2006/10/30/200610300021.asp

Nuclear Crisis Could Lower Growth to Below 2% in 2007
By Na Jeong-ju, Korea Times (October 29, 2006)
http://times.hankooki.com/lpage/nation/200610/kt2006102918040611990.htm
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Juregen



Joined: 30 May 2006

PostPosted: Sun Oct 29, 2006 6:37 am    Post subject: Reply with quote

as if a nukie is going to break an economy?

That North Korean nukie was nopt experienced as a serios threat towards Korea so the influence of it will be minimized.


They are just trying to push the won down even more.
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wylies99



Joined: 13 May 2006
Location: I'm one cool cat!

PostPosted: Sun Oct 29, 2006 7:14 am    Post subject: Reply with quote

Quote:
They are just trying to push the won down even more.


Could be. This is an economy that lives or dies on the strength of exports.
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ben the saint



Joined: 16 Jan 2006

PostPosted: Sun Oct 29, 2006 7:40 am    Post subject: Reply with quote

Wow, folks here just don�t understand international economic, finance or investments. This is what happens when a �nuke� or threat is hanging over your head. Also, the possibilities that sanctions will be placed on S. Korea too. The US will float the dollar more to create more pressure on S. Korea.
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Juregen



Joined: 30 May 2006

PostPosted: Sun Oct 29, 2006 8:07 am    Post subject: Reply with quote

ben the saint wrote:
Wow, folks here just don�t understand international economic, finance or investments. This is what happens when a �nuke� or threat is hanging over your head. Also, the possibilities that sanctions will be placed on S. Korea too. The US will float the dollar more to create more pressure on S. Korea.


Anybody knows that that nuke has no repercussions on South Korea, did you see how many koreans panicked that day...

The sanctions might be an issue, but with the FTA and all, i don't know about that. It is possible, but highly improbable.

If the US floats the dollar even more, not only South Korea will have a problem....
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