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

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

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


User: Arirang News

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Uploaded: 2019-01-13

Duration: 00:47

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