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Date d'inscription: 05-11-2016
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Bank of Korea (BOK) Governor Lee Ju-yeol made the announcement after the monetary policy meeting.


It was the first time in three years that the central bank revised up its growth forecast. The BOK estimate was the same as those from the finance ministry and the International Monetary Fund (IMF).


The BOK outlook was even higher than the figures estimated by economic think tanks. Hyundai Research Institute and LG Economic Research Institute set its growth outlooks at 2.3 percent and 2.2 percent respectively, while the state-run Korea Development Institute (KDI) projected a 2.4 percent expansion.


Governor Lee said the recent economic growth momentum was expanded more or less owing to improved export and investment that would raise the first-quarter growth rate higher than the previous quarter.


Recent economic indicators showed signs of recovery. Exports, which account for about half of the economy Cheap Wholesale Jerseys , kept rising for five straight months through March when the overseas shipments posted a double-digit expansion.


Retail sales, which reflect private consumption, increased 3.2 percent in February from a month earlier. Revenue in department stores grew 1.7 percent in March, with credit card usage recording a double-digit increase.


Confidence among South Korean consumers improved as political uncertainty eased following a historic ruling on March 10 to remove former President Park Geun-hye who was impeached in the parliament in December.


Despite the positive signals Cheap Jerseys From China , the BOK governor and six other policy board members decided unanimously to hold the benchmark seven-day repurchase rate on hold at an all-time low of 1.25 percent.


The policy rate remained at the level since June last year on worries about the protracted low-growth trend.


After peaking at 3.3 percent in 2014, the country's economic growth rate fell below 3 percent and remained at 2.8 percent both in 2015 and 2016.


The top central banker said the accommodative monetary policy stance would be maintained though any need to cut rates further declined.


Meanwhile, the BOK's outlook for this year's headline inflation was also revised up to 1.9 percent from 1.8 percent forecast three months earlier. It was close to the bank's mid-term inflation target of 2 percent.


The BOK predicted a 6.3 percent expansion in facility investment in 2017, rebounding from a 2.3 percent decline in the previous year. Construction investment was forecast to rise 4.5 percent this year after surging 10.7 percent last year.


The outlook for this year's current account surplus was set at 75 billion U.S. dollars Cheap Jerseys China , down from 81 billion dollars forecast three months ago. It reflected worry about protectionist moves by the Trump administration.


The central bank expected exports to rise 3.3 percent this year, higher than a 2.2 percent growth tallied in the previous year.


Private consumption was forecast to grow 2.0 percent this year, after expanding 2.5 percent last year.


President Xi meets incoming HKSAR chief executive


Chinese premier holds talks with Sao Tome and Principe counterpart on cooperation


UN Security Council holds briefing from special envoy for Syria


Trump says U.S.-Russia relations "may be at an all-time low"


Aerial view of Medog highway in SW China's Tibet


Stewardesses for high-speed train take part in training program in Harbin


Scenery of Hani terraced fields in SW China's Yunnan


Aerial view of farmland scenery in SW China's Yunnan


by Anat Shalev


JERUSALEM, March 18 (Xinhua) -- It has been quite a surprise that Israel's incumbent Prime Minister Benjamin Netanyahu could make such a stunning victory in Tuesday's parliamentary elections.


According to the latest ballot counting Cheap Jerseys , the Israeli leader won one fourth of the 120 seats of the Knesset (parliament), six seats more than what his key rival Isaac Herzog gained, leaving pollsters who failed to predict his re-election in rather embarrassing situation.


Earlier polls showed that Netanyahu might hand over the post to Herzog, leader of the center-left Zionist Union.


But unlike the pre-election polls Cheap Clemson Tigers Jerseys , Netanyahu seemed to solidify his chance to serve a fourth term as Israel's prime minister, a new political record in the country.


There are two apparent explanations for Netanyahu's unforeseen victory, the accuracy of the polls and Netanyahu's last-minute campaign, analysts said


BIASED OPINION POLLS


Prof. Avi Dagani Cheap Lsu Tigers Jerseys , owner and president of Geocartography Knowledge research group, thinks the polls done by Israeli media outlets in recent weeks, which favored Isaac Herzog's Zionist Union camp, were biased in their methodology and their geographical segmentation.


Some pollsters used the Internet Cheap Miami Hurricanes Jerseys , which is biased towards the center-left Israeli public, Dagani, who conducted telephone surveys exclusively and was the only pollster to predict a victory for Netanyahu, said in a conference call with foreign reporters on Wednesday.


"The Internet does not represent the state of Israel and the people of Israel. In the Internet there are panels that are biased towards the center-left Cheap Michigan Wolverines Jerseys , situated around Tel Aviv with better education, who are more prone to use this form of communication," he explained.


"I believe those who live in the periphery, who have a stronger tendency to vote for the Likud Cheap North Carolina Tar Heels Jerseys , were very poorly represented in those polls," he added.


He also believes the pollsters failed to analyze those who were hesitant and decided on their votes on the election day, an estimated ten to 15 percent of Israeli voters.


NETANYAHU'S EFFECTIVE LAST-MINUTE CAMPAIGN


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