Today’s GDP data show that Korea recorded another quarter of solid growth in Q3, thanks mainly to strong domestic demand. Looking ahead, low interest rates and a pickup in exports should provide a boost to growth next year. However, high levels of household debt, which will hold back consumer spending, mean a strong and sustained rebound is unlikely.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.