Wednesday, November 20, 2013

Korea's economic growth to outperform Japan's growth for 15th year in 2013


http://www.koreaherald.com/view.php?ud=20131118000481

             This article addresses that South Korea's economic growth will continue to outperform Japan's growth for the 15th straight year in 2013. According to the author, the world's third-largest economy may grow at an average of 1.8 percent this year (fact claim). The Japanese economy grew 1.9 percent in 2012. Japan's gross domestic product, such as a gauge of economic performance, grew 0.5 percent on-quarter in the third quarter after expanding 0.9 percent (evidence). According to the author, however, the South Korean economy grew 1.1 percent on-quarter in the third quarter, topping market expectations (fact claim). The Bank of Korea predicts that Asia's fourth-largest economy would grow 2.8 percent this year and 3.8 percent in 2014 (argument by authority). I think that if the Bank of Korea's prediction is correct, Korea's economic growth will continue to outperform Japan's growth for the 15th consecutive year in 2013.

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