The slowing labour market in Korea adds to the evidence that the economy is struggling, and supports our view that the central bank will cut interest rates before the end of the year.
Meanwhile, second quarter GDP figures for Singapore show the economy only narrowly avoided recession last quarter. The outlook for the second half of the year is poor, with weak external demand and high interest rates set to drag on growth.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services