Pool equipment According to the recent report published by Hyundai Research Institute (HRI), most Korea's export industries including petrochemical industry, machinery manufacturing industry and automobile industry are expected to boom in the second half of this year. However, the construction industry is expected to continue to remain depressed. HRI predicted that Korea's economic growth rate in the second half of the year would increase by 4.7% over last year, and the annual growth rate this year would reach 4.3%. Industry insiders predicted that the annual economic growth rate in 2011 would be lower than the record of 6.2% in previous years due to the slow global economic recovery and the sluggish domestic economy. Most local export industries that have slightly boomed last year including petrochemical industry, machinery manufacturing industry and automobile industry are expected to maintain the growth trend this year. HRI said that relevant enterprises would benefit from the rapid development of emerging overseas markets including China and Japan which was hit by an earthquake in March. HRI forecasted that the local shipping industry which experienced a depression last year would continue to maintain the recovery trend, and there would be further recovery in the second half of the year because of the increasing new orders. However, due to the slow recovery of the domestic consumer market, the commerce department which targets at the domestic market such as logistics services department would decelerate in the second half of this year.