Finance Ministry warns of growing downside risks to Korean economy
- 5 years ago
The Ministry of Economy and Finance warned of growing downside risks from the slowing global economy and lower demand for semiconductors.
In its monthly economic assessment 'greenbook' released on Friday,... the ministry listed the latest trade talks between the U.S. and China as a volatile factor in international financial markets along with the uncertainties over Brexit.
The country's exports fell for the fifth month in a row, dropping 2-percent on-year in April,... mainly due to falling prices of chips and weak demand from China.
Exports to China fell for the sixth consecutive month, falling 4-point-5 percent in April.
In its monthly economic assessment 'greenbook' released on Friday,... the ministry listed the latest trade talks between the U.S. and China as a volatile factor in international financial markets along with the uncertainties over Brexit.
The country's exports fell for the fifth month in a row, dropping 2-percent on-year in April,... mainly due to falling prices of chips and weak demand from China.
Exports to China fell for the sixth consecutive month, falling 4-point-5 percent in April.