Author Description

2018 Economic ForecastThe Economist, a weekly business magazine published by the JoongAng Ilbo, published the "2018 Economic Forecast". In this "2018 Economic Forecast", reporters from JoongAng Ilbo The Economist and outside economic experts participated in a large number. In 2017, the global and Korean economies showed a strong recovery as they laughed at the black outlook at the end of 2016, and most domestic and overseas economic outlook agencies failed to prospect. But is it necessary to give up prospects? Not like that. Taking the weather forecast as an example, what we need is not simply a high 1-year precipitation probability estimate. On that day, it could be a preparation for a small possibility that might happen. I will take my umbrella even on the day when it will be clear, and I will be able to prepare for my outing while seeing the cloudy clouds. The economic outlook is the same. It is necessary to pay attention to signs that are likely to be severe even during heavy rains, and to feel a small change of wind even in clear sky. Based on these principles, the Specialist Economist team compiled and analyzed the economic forecast report, books and related data of over 30 domestic and overseas economic forecasting institutions in 2018,. In order to publish the first prospectus in 2015, it is intended to present a comprehensive and objective view, not the subjective opinion of an individual or institution. In addition, rather than presenting forecasts, the focus was on the direction in which domestic and overseas economies and industries will flow, and on what economic agents should prepare. I tried to keep optimistic outlook as much as possible and maintain objectivity. I hope this book will be a small guide to read the global and Korean economy in 2018 and provide direct and indirect help to the economic activities of the government, business and household.