Goldman forecasts Asia’s fourth-largest economy will expand 4.8 percent this year, down slightly from growth of 5.0 percent last year and 5.1 percent in 2006. South Korea’s annual consumer-price inflation would jump to 8.0 percent on average if Brent crude rises and remains above US$200 a barrel, from a 4.4 percent forecast for this year, the investment bank said in a research note.

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