Yonhap Infomax NewsInternational oil prices surged past $100 per barrel amid US-Iran tensions, raising stagflation fears for South Korea's economy. Analysts warn growth could drop 0.8%p if prices hit $150, threatening the government's 2.0% growth target as inflation pressure mounts with rising exchange rates.
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Beyond Inflation to Stagflation Fears - Soaring Oil Prices Put Korean Economy on High Alert
International oil prices surged past $100 per barrel amid US-Iran tensions, raising stagflation fears for South Korea's economy. Analysts warn growth could drop 0.8%p if prices hit $150, threatening the government's 2.0% growth target as inflation pressure mounts with rising exchange rates.