[Businessweek] South Korea May Catch Japan’s Economic Cold

September 4, 2014
econ

After years of strong economic growth driven by exports of high-end electronics and cars, some experts say South Korea is edging closer to the deflationary, low-growth trap that Japan has been mired in for decades.

[BLOOMBERG BUSINESSWEEK] South Korea is becoming more like Japan, and not in a good way. After years of strong economic growth driven by exports of high-end electronics and cars, the country is edging closer to the deflationary, low-growth trap that Japan has been mired in for decades.

Korean consumers, weighed down by household debt and a stagnant property market, are saving rather than spending. Companies are hoarding cash as they face uncertain demand at home and more competition from China.

Korea’s population is also aging faster than that of any other country in the Organisation for Economic Co-Operation and Development, with people 65 and older set to account for at least 14 percent of the population by 2017. “The way Korea used to grow can’t continue unless Koreans spend more and companies invest,” says Kim Yong Ok, head of economic policy at the Federation of Korean Industries. [READ MORE] 

moose knuckles pas cher moose knuckles pas cher moose knuckles pas cher moose knuckles pas cher moose knuckles pas cher moose knuckles outlet moose knuckles outlet moose knuckles outlet moose knuckles outlet moose knuckles outlet maillot de foot pas cher maillot de foot pas cher maillot de foot pas cher maillot de foot pas cher maillot de foot pas cher scarpe nike air max outlet scarpe nike air max outlet scarpe nike air max outlet scarpe nike air max outlet scarpe nike air max outlet scarpe nike air max outlet nike tn pas cher nike tn pas cher nike tn pas cher nike tn pas cher air max pas cher air max pas cher stone island outlet stone island outlet stone island outlet stone island outlet stone island outlet stone island outlet barbour pas cher barbour pas cher barbour pas cher barbour pas cher barbour pas cher nike tn squalo nike air max outlet mcm outlet online moose knuckles outlet happiness outlet happiness outlet shoes