Korea Economic Outlook
November 12, 2019
Economic growth was stable in the third quarter, as a softer contraction in fixed investment offset a slight deceleration in private consumption growth. Meanwhile, public spending continued to surge, albeit at a marginally softer pace than in the second quarter. Moreover, in the external sector, both exports and imports grew modestly in Q3; however, this resulted in a negative contribution to growth, contrasting the positive contribution in Q2. Shifting focus to the fourth quarter, economic growth again appears more or less steady: Consumer confidence hit a six-month high in October, although merchandise exports contracted in October at a sharper pace than in Q3. Meanwhile, in the diplomatic arena, President Moon Jae-in met his Japanese counterpart in early November. They agreed to thaw frosty bilateral relations, which bodes well for currently suppressed trade flows.Korea Economic Growth
Growth is projected to accelerate next year as fiscal stimulus—aimed at boosting employment and supporting research and development in areas such as artificial intelligence—should underpin growth. That said, the U.S.-China trade war and uncertainty in the Korea-Japan relationship pose downside risks. FocusEconomics panelists project the economy will grow 2.2% in 2020, which is unchanged from last month’s forecast, and 2.3% in 2021.Korea Economy Data
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Korea Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.34 | 1.55 % | Sep 04 |
| Exchange Rate | 1,208 | 0.21 % | Sep 04 |
| Stock Market | 1,989 | -0.40 % | Sep 04 |
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Korea Economic News
Korea: Consumer prices year-on-year stable in October
November 1, 2019
Consumer prices increased 0.2% over the prior month in October, down from September’s 0.4% rise.
Korea: Manufacturing sector remains depressed in October
November 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) ticked up marginally from 48.0 in September to 48.4 in October, and thus remained below the 50-threshold that separates contraction from expansion in the manufacturing sector.
Korea: Industrial production rebounds in September
October 31, 2019
Industrial production increased 0.4% year-on-year in September, contrasting August’s revised 3.3% decline (previously: -2.9% year-on-year).
Korea: Forward-looking manufacturing business confidence yet more pessimistic for November
October 29, 2019
The Bank of Korea’s forward-looking business confidence indicator for manufacturers edged down to 72 in November from 73 in October, while confidence in the non-manufacturing sector also decreased to 72 points in November from 74 in the month prior.
Korea: Economy stable in Q2 despite lingering external headwinds
October 24, 2019
According to preliminary data released by the Bank of Korea, the economy grew 2.0% in annual terms in the third quarter, matching the second quarter’s reading and just shy of market analyst expectations of 2.1% growth.
© Copyright: 2019 | Korea Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
