republic of korea a recovery in private consumption spurred by rising real earnings supported 4 0 growth 2005 larger export oriented firms are likely to expand fixed capital investment this year but some smaller face constraints lifting 2006 2007 is expected pick up average 5 provided that strengthens the medium term trend forecast at economic performance consumer credit problems 2003 caused sharp deterioration finances and confidence pulling down rate leaving household debt approximately 130 disposable income level remains broadly unchanged today although economy rebounded 2004 registering 6 gross domestic product gdp on strength 19 7 expansion exports demand remained weak staged robust growing 3 2 contributing 1 percentage points figure 10 government expanded external sector further momentum driven 8 soft coupled with yet higher oil
