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IMF sees South Korea’s economy picking up pace in 2017

The South Korean economy’s growth pace of 2.7% this year should improve to 3% in 2017 with the help of greater private consumption and a more robust housing market, the International Monetary Fund predicts. Difficulties include an aging population and dependence on exports, the IMF said, but the government enjoys “considerable fiscal space to manage these challenges.”

Yonhap News Agency (South Korea) (subscription required) (8/13)