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SEOUL Dede Westbrook Camo Jersey , March 3 (Xinhua) -- Concerns that the South Korean economy may fall into deflation escalated as recent economic indicators indicated a stagnant economy amid low headline inflation.


The country's consumer price inflation was 0.5 percent in February from a year earlier, staying below 1 percent for three months in a row. The figure marked the lowest in about 16 years, statistics data showed Tuesday.


The government said it was mainly attributable to cheaper crude oil, which pulled down petroleum product prices by 24.3 percent in February from a year ago.


But, the consumer price inflation actually posted a negative figure when excluding the effect of tobacco price hike, which raised the headline inflation by 0.58 percentage points last month. The government lifted average cigarette prices by a whopping 80 percent from the start of this year.


Adding to low inflation Cam Robinson Camo Jersey , recent economic data, announced on Sunday and Monday, boosted grim prospects of the economy.


Production in all industries reduced 1.7 percent in January from a month earlier, marking the biggest monthly fall since March 2013. Output in the mining and manufacturing sectors tumbled 3.7 percent, the largest decline since December 2008 when the global financial crisis affected the country.


Retail sales in January reduced 3.1 percent compared with the prior month, and exports Logan Cooke Camo Jersey , which account for about half of the economy, tumbled 10 percent in January.


The prolonged disinflation tends to delay consumption expenditure on expectations that consumer prices may fall further. It would result in a stagnant economy, especially in the domestic market, possibly leading to deflation, or the vicious circle of consumer price falls and economic slowdown.


Growing concerns about deflation may put more pressure on the Bank of Korea (BOK) to cut interest rates further. The BOK lowered its policy rate in August and October last year to a record low of 2 percent.


South Korea's consumer price inflation stayed below the BOK's mid-term target band of 2.5-3.5 percent for long.


Lee Chan-woo, director-general of Finance Ministry's economic policy bureau Ronnie Harrison Camo Jersey , told a press briefing Monday that interest rate cuts are beneficial to growth according to "economics theories," hinting at the need for further cuts in the policy rate.


Lee noted that the rate-setting depends on the BOK, adding that it would be hard for the South Korean economy to enter into deflation yet.


I Quit and I Am Starting My Own Business!

Author: Ed Sullivan

You wake up one morning, get dressed, eat breakfast and drive into work. You have this feeling in your stomach that is telling you to turn around, you just cant work for someone anymore Telvin Smith Camo Jersey , not for another 20 years, and in that same thought your thinking will this company be around in twenty years?
What you really want is to start your own company, you want to be the boss, you have an idea that has been burning a hole in you since you thought of it and today is the day you decided enough is enough, I’m doing it! Well that’s all fine and dandy, but now what? Where do you go from here? You have worked for someone since you could remember and they always had the plan. I’m here to tell you (and not scare you out of your dream) it’s not easy Blake Bortles Camo Jersey , there are so many things you have to think of.
Number one thought you should have is, do you have a plan? What’s it going to take to do this and can I really do this? You can do this, and you can be successful, but it is time consuming and takes a lot of work and sacrifice and sometimes more work and more sacrifice then you would have imagined.
So you have an idea for a business and now what do you do? The first thing your going to have to do is make a business plan, why do you need a business plan? It’s simple with out a plan you have no direction and you are running around piece meal your business together, and that is not going to work A.J. Bouye Camo Jersey , you may skate by at first but eventually you are going to run into situations where you will need a plan.
Your business plan is going to guide you in a direction for your business and the best resource I found for this was the SBA small business association, they have the tools you will need to accomplish this task. http:www.sba.govsmallbusinessplannerindex
What kind of plan should you use? I suggest two plans, and I will tell you why. Your first business plan should be a simple. A business plan that will include a summary of your business a mission statement what it will take for your business to be a success in other words keys to your success,this plan should also have a market analysis, and an analysis on what it will take to break even. With this plan in place you should ba able to see if this business is even worth the time and effort.
The second business plan you make should be a standard business plan, one that you will use to present to investors Myles Jack Camo Jersey , banks or corporate managers. It should start with an executive summary. It should describe the company and its background and history, what the business sells, what kind of market your product is for, its financial projections and the management you have in your business.
There are thousands of companies out there that will help you write your Business plan and thousands of companies that can write it for you, my suggestion is try to do it yourself, no-ones going to know your business ideas and directions better than you Leonard Fournette Camo Jersey , utilize the internets wide variety of sources and don’t be afraid to ask questions, this will help you decide which plan is best for you and your business.

Article Source: http:www.articlesbaseaccounting-articlesi-qui...business-563063

About the Author:
Ed Sullivan
Asset Bookkeeping & Tax Service
www.asse

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