Export growth is predicted to slow down this year due to the steady appreciation of the Korean currency, the expected weakening of the Japanese yen against the US dollar and hikes in international prices of raw materials.
Exports should increase 11 percent to US$106 billion on a customs clearance basis from US$95.5 billion in 1994, while imports should grow 12 percent to US$114 billion from US$101.5 billion. The inflation rate, based on consumer prices, is expected to reach 6 percent this year, up from 5.7 percent in 1994.
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