Reported about 1 month ago
South Korea's economy saw only a slight growth of 0.1% in the third quarter following a previous contraction, falling short of economists' expectations. Factors contributing to this sluggish recovery include declining technology exports, geopolitical tensions, and uncertainties surrounding the US presidential election. While domestic consumption increased, exports decreased, creating concerns about future economic prospects and leading the Bank of Korea to potentially revise its growth forecasts and consider further interest rate cuts.
Source: YAHOO