[Weekly Outlook] Has the pace of household and corporate debt growth slowed for two consecutive quarters?

[Asia Economy Sejong=Reporter Kwon Haeyoung] This week, attention will be focused on whether the pace of household and corporate debt growth has decreased for the second consecutive quarter.

According to the government and the Bank of Korea on the 18th, the Bank of Korea will release the Financial Stability Report (as of September) on the 22nd, which includes the status and characteristics of credit (debt) in the private sector, including households and corporations.

As of the end of the first quarter of this year, the ratio of private credit (the sum of household and corporate debt in the financial flow statistics) to nominal Gross Domestic Product (GDP) was 219.4%. This is 0.1 percentage points (p) lower than the record high at the end of last year (219.5%). Due to the impact of interest rate hikes, there is interest in whether the pace of household and corporate debt growth has declined for the second quarter as well.

On the 23rd, the Producer Price Index for August will be announced. The Producer Price Index (provisional) had risen for seven consecutive months since January this year through July, and there is interest in whether the upward trend continued in August.

The Organisation for Economic Co-operation and Development (OECD) will release the Korea Economic Report on the 19th. In June, the OECD projected South Korea's economic growth rate for this year at 2.7%, and attention is focused on the revised forecast.

Additionally, the government will announce the legislative notice for the Basic Act on Supply Chain Stabilization Support on the 20th.

This content was produced with the assistance of AI translation services.