The IMF has forecast growth rates of 4.75 percent in 2004 and 5.5 percent in 2005 for South Korea. The Fund's Asia-Pacific chief Joshua Felman said on Tuesday 18 November that the Korean economy was on its way to recovery, but stressed the need for long-term structural reform.
Asia's fourth-largest economy, South Korea, will grow by 4.75 percent next year and 5.5 percent in 2005, according to a new forecast by the International Monetary Fund.
The IMF's Asia-Pacific chief Joshua Felm
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