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Korea′s inflation expected to dip into 0% range 올해 연간 물가상승률 16년만에 0% 추락 가능성

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Markets across the globe are feeling the results
of the current decline in oil costs. Here in Korea, deflation fears are making
a comeback. Shin Se-min records. There are worries that spiraling international oil
prices could press Korea ′ s yearly inflation price down this year … into the no percent variety. If that takes place, … it would mark lows not
seen considering that 1999, right after the Asian Financial Situation, when consumer rate development dipped
to 0-point-8 percent. Dim estimates are being raised by evaluation
from monetary firms at house and abroad. Samsung Stocks as well as the Korean Advancement
Institute have actually devalued their forecasts to below one percent.Overseas, Credit history Suisse also decreased its projection from almost 3 percent to 0-point-9 percent, … citing plunging unrefined prices. Some experts have actually presumed regarding increase the opportunity of deflation in Korea.
To reduce such worries … Money Preacher Choi Kyung-hwan said Wednesday that reduced oil costs could profit Korea, as a decrease in import rates would certainly aid boost domestic demand. But experts stress that it is still prematurely to inform whether the current pattern will certainly persist. “Claiming that we are gone to deflation is a little way too much, yet we can take “these issues as simply warnings for the future.
Yet if government measures like reduced financial policies don ′ t job … and also we still are confronted with a low growth price as well as slow manufacturing, … after that we may remain in for major difficulty.” The Financial institution of Korea forecasted this year ′ s. rising cost of living price at virtually two-and-a-half percent last October”, but said it will certainly show decreased.
international oil prices into its revised economic forecast report that will certainly be launched this. month.Shin Se-min, Arirang Information

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