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S. Korea’s Economy Seen Contracting 1.81 pct in Q1

S. Korea’s Economy Seen Contracting 1.81 pct in Q1

SEOUL, April 20 (Korea Bizwire) — South Korea’s economy is expected to report a 1.81 percent on-quarter contraction in the first quarter of the year, a poll showed Monday, as the coronavirus pandemic crippled industrial output, consumer spending and job markets in Asia’s fourth-largest economy. It would be the sharpest quarterly contraction since the fourth [...]

Foreign IBs Revise Up S. Korea’s Growth Outlook

Foreign IBs Revise Up S. Korea’s Growth Outlook

SEOUL, Dec. 7 (Korea Bizwire) — Major foreign investment banks (IBs) have upgraded their 2018 growth forecasts for the South Korean economy on its strong exports, a report showed Thursday. According to the report by the Korea Center for International Finance, Barclays, Goldman Sachs and seven other foreign IBs have forecast Asia’s fourth-largest economy to [...]

S. Korea’s Growth Forecast to Dip to 2 pct Range in 2016

S. Korea’s Growth Forecast to Dip to 2 pct Range in 2016

SEOUL, Oct. 26 (Korea Bizwire) - Global economic think tanks and investment banks (IBs) are predicting South Korea’s growth to slide to the upper 2 percent range in 2016 due to slumping exports and weak domestic demand, financial market sources said Monday. The latest monthly Consensus Economic report showed overseas think tanks and IBs expect Asia’s [...]