Sunday, July 8, 2007

S.Korea raises 2007 export, import growth forecasts

(Reuters) - South Korea lifted its forecast for exports on Sunday, expecting annual growth of 12.8 percent in 2007 thanks to overall healthy expansion in the global economy, according to the Ministry of Commerce.

The ministry also raised its forecast for imports growth to 13.9 percent and predicted this year's trade surplus would exceed $15 billion, narrowing from $16.1 billion recorded last year.


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