South Korea's Economy to Grow 4.4 Percent, State-Run Research Agency Says

(Bloomberg) -- South Korea's economy is forecast to expand 4.4 percent this year, helped by rising exports and a pickup in consumer spending, state-run think tank Korea Development Institute said.

Economic growth is likely to accelerate to 4.5 percent in the third quarter and 4.7 percent in the fourth quarter from a 4 percent expansion in the first three months, the institute said in a report in Seoul today. Exports are likely to rise 10.5 percent this year, while private consumption will probably gain 4.2 percent, it said.


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