S. Korean economy 'slowing down' on weak demand, shrinking exports: KDI

Описание

A state-run think tank sees the South Korean economy continuing to slow down. In its latest monthly report, the Korea Development Institute points to signs of weak domestic demand and a slowdown in exports. Retail sales, it says, rose just 1 percent in November... compared to an average of 2-point-8 percent the two months before. In December, exports fell by 1-point-2 percent... because of a drop in overseas sales of compuer chips and petrochemical goods. It was the third month in a row KDI has said the economy is slowing down. Headwinds in the new year, according to KDI, include the possibility of the global economic entering a downward cycle... and uncertainties related to U.S. economic and foreign policy.