Reported about 1 month ago
In the third quarter, South Korea's economy grew by just 0.1%, missing expectations as exports dropped for the first time since late 2022, despite a modest recovery in consumer spending. The Bank of Korea has hinted at a potential downgrade to its 2024 growth forecast, prompting discussions for stimulus measures to support the economy. This weak growth raises concerns over the recent fall of the won against the dollar and the overall economic outlook, leading analysts to predict possible interest rate cuts in the near future.
Source: YAHOO