S. Korea’s Consumption Propensity Hits 13-year Low in 2017
SEOUL, Sept. 27 (Korea Bizwire) — South Korea’s propensity to consume fell to a 13-year low in 2017 as households tightened their purse strings amid a sluggish economy, central bank data showed Thursday. The average consumption propensity, or the ratio of total private and government spending to disposable income, stood at 78.9 percent, down 0.2 [...]
