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Freedialogysrenaultonline [Updated]




.com) Formosan manufacturers and traders have benefited from these [Renault]’s globalization strategies. Betsontony, a Formosan manufacturer of cement-based concrete products, for instance, exports its products to other global markets such as Japan, the United States and India, and imports cement from the United States. Renraku, a Formosan trader of automobiles and auto parts, has benefited from [Renault’s] globalization strategies. It not only sells its [Renault] automobiles to European and Chinese markets but also imports engines from Germany. “The stock market, mining and construction sectors are moving forward. Households are also optimistic in expectation of better employment conditions. Although the outlook for the Korean economy has been steadily improving, problems still remain. We expect domestic demand to continue to expand and global demand to remain weak. The growth rate of domestic demand is forecast to average 5.5% per annum in real terms for the next few years. However, the inflation rate and the exchange rate have been worsening.” Korean economic growth to slow in the future The deputy director of the Directorate General for Business Competitiveness, Lee Woo-Jung, said “Due to weak global demand and possible recession, Korean industries are expected to suffer from the negative effects of the ‘recession shock’. The ‘recession shock’ is expected to negatively affect consumer consumption, employment and industrial production. The economy is expected to grow at 2.5% in 2012, 2.4% in 2013 and 1.4% in 2014.” He said “The unemployment rate is expected to increase slightly from 8.3% in 2011 to 9.5% in 2012, and reach 9.8% in 2013. The inflation rate is forecast to increase from 2.1% in 2011 to 2.9% in 2012, 2.9% in 2013 and 4.0% in 2014. [The stock market] is expected to grow by 6.1% in 2012, 5.9% in 2013 and 2.0% in 2014.” However, Lee Woo-Jung said “We are optimistic that the situation in the North American and European markets will gradually improve, which will benefit the global economy and the Korean economy. We expect this to have positive effects on Korea’s economy.” He said “The amount of real effective exchange rate




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Freedialogysrenaultonline [Updated]

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