01663cas a2200241 a 4500 AALejournalIMF002369 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451822076 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Korea : Staff Report for the 2002 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (64 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2002 Article IV Consultation highlights that the economic growth of Korea rose to about 6 percent in 2002 from 3 percent in 2001. Buoyant consumption and residential construction spending underpinned the recovery beginning in late 2001. In 2002, exports rebounded strongly in spite of a weaker-than-expected recovery in the global economy. Unemployment has eased to near pre-crisis levels, although wage rises have been matched by productivity growth. In terms of macroeconomic policies, the fiscal surplus was substantially higher than budgeted, resulting in a contractionary fiscal stance in 2002. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2003/079 Full text available on IMF http://elibrary.imf.org/view/journals/002/2003/079/002.2003.issue-079-en.xml IMF e-Library