Reported about 1 month ago
According to a Reuters poll, South Korea's economy is likely to have returned to growth in the third quarter of 2024 after a mild contraction in the previous quarter. The expected growth rate is projected at 0.5% quarter-on-quarter and 2.0% year-on-year, spurred by robust exports, particularly in semiconductors. However, high borrowing costs are squeezing domestic demand, impacting overall consumption and leading economists to predict modest economic expansion amid ongoing challenges.
Source: YAHOO