UOB Group’s Economist Ho Woei Chen reviews the latest GDP figures in South Korea.
Key Takeaways
“South Korea’s advance 1Q23 GDP growth was in line with expectations at 0.8% y/y, 0.3% q/q SA. The sequential rebound in GDP meant that South Korea’s economy avoided a technical recession.”
“The q/q expansion was due to stronger private consumption as well as goods exports that were led by motor vehicle shipments even as electronics had remained in a downcycle. This mitigated declines in facilities investment and services exports in 1Q23.”
“We maintain our cautious outlook for South Korea’s growth in 2023 at 1.3% (2022: 2.6%) with lackluster forecasts of 0.8% y/y in 2Q23 and 1.0% y/y in 3Q23 before a recovery to 2.5% y/y in 4Q23.”
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.