Seoul, April 17 (IANS) Escalating geopolitical tensions linked to the prolonged Middle East conflict are posing risks of inflation and greater downside pressure on the South Korean economy, the finance ministry here said on Friday.The Ministry of Finance and Economy made the assessment in its monthly economic report, known as the Green Book, heightening its warning from last month, when it noted only potential fallout, reports Yonhap news agency.”The economy has faced increasing downside risks d…
Latest Industrial Output News & Updates
Seoul, Feb 9 (IANS) The South Korean economy is showing a moderate increase in production, thanks to improved consumption, a state-run think tank said on Monday.”Recently, our economy has maintained moderate production growth, led by the service sector, thanks to improvements in consumption,” the Korea Development Institute (KDI) said in its monthly economic assessment, reports Yonhap news agency.In December, industrial output rose 1.5 percent from the previous month, while retail sales increase…
New Delhi, Jan 28 (IANS) The government on Wednesday released a discussion paper which outlines the proposed methodology for seasonal adjustment of the Index of Industrial Production (IIP).The Ministry of Statistics and Programme Implementation (MoSPI) is undertaking the base revision exercise of the IIP.In the process, it is revisiting methodologies, exploring new data sources and incorporating changes after comprehensive consultations with the experts, academicians, users and other stakeholder…