South Korean economy shows weaker growth momentum
posted by elhadjimady 49 days ago under springhill group news headlines articles, seoul korea group home loans, springhill newscenter group, home loans, rural housing finance
The South Korean economy has seen a weakening growth momentum due to lacklustre exports and domestic demand, the central bank said Thursday.
"The domestic economy showed weaker growth momentum due to sluggishness both in domestic demand and exports caused by growing external uncertainties," the Bank of Korea (BOK) said in a statement after the August monetary policy meeting. The BOK noted that major economic indicators related to consumption and investment worsened in June, saying exports dropped 8.8 percent in July from a year earlier. The bank warned of downside risks to the economy due to the prolonged fiscal crisis in the euro zone and slowdown in emerging economies, reported Xinhua. » South Korean economy shows weaker growth momentum |
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