South Korea: A Shaky Recovery Gets Under Way
Is South Korea on the mend? Recent signs are hopeful: Production, driven by exports and lower inventories, is recovering, and domestic demand is stabilizing. Most analysts believe that last year's economic slide bottomed out at yearend, and the International Monetary Fund has raised its 1999 growth forecast from barely positive to 2%. The economy plunged 5.5% in 1998.
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