S. Korean economy 'slowing down' on weak demand, shrinking exports: KDI
- 5 years ago
A state-run think tank sees the South Korean economy continuing to slow down.
In its latest monthly report, the Korea Development Institute points to signs of weak domestic demand and a slowdown in exports.
Retail sales, it says, rose just 1 percent in November... compared to an average of 2-point-8 percent the two months before.
In December, exports fell by 1-point-2 percent... because of a drop in overseas sales of compuer chips and petrochemical goods.
It was the third month in a row KDI has said the economy is slowing down.
Headwinds in the new year, according to KDI, include the possibility of the global economic entering a downward cycle... and uncertainties related to U.S. economic and foreign policy.
In its latest monthly report, the Korea Development Institute points to signs of weak domestic demand and a slowdown in exports.
Retail sales, it says, rose just 1 percent in November... compared to an average of 2-point-8 percent the two months before.
In December, exports fell by 1-point-2 percent... because of a drop in overseas sales of compuer chips and petrochemical goods.
It was the third month in a row KDI has said the economy is slowing down.
Headwinds in the new year, according to KDI, include the possibility of the global economic entering a downward cycle... and uncertainties related to U.S. economic and foreign policy.