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IMF: S. Korea per capital national income to exceed 20,000 USD

09-07-2010 13:47 BJT

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As the host country, South Korea's own economy has attracted a lot of public attention. The International Monetary Fund forecast on Monday that South Korea will see its per capita national income once again exceed 20 thousand US dollars.

As Asia's fourth largest economy, it surpassed that level for the first time in 2007, but has dropped below it for the last three years due to the global financial crisis. The prediction comes after the IMF raised the country's growth forecast this year to 6.1 percent from a previous estimate of 5.7 to 5 percent.

However, the IMF also predicts that it will be difficult for South Korea to reach the 30 thousand dollar income level by 2015, due to slowing economic growth.

Editor:Xiong Qu |Source: CNTV.CN

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