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For the first three months of 2017 South Korea's economic surge will probably accelerate at a sharper pace than the previous quarter because exports as well as capital investment tracked a revival in the global economy.
The local economy is supposed to have expanded by 0.7% over January-March from the previous quarter, according to a Reuters survey. On a yearly basis, experts forecast a median 2.6% leap.
While a diplomatic spat with China, North Korean provocations as well as ongoing corporate restructuring offer downside risks to the South Korean economy, a new president, to be elected on May 9, will probably boost government spending that should be supportive of surge this year.
Frontrunner democratic nominee Moon Jae-in has already pledged an extra budget of over 10 trillion won to back jobs as well as domestic consumption.
In the fourth quarter of the previous year, the country’s economy inched up 0.5% in seasonally adjusted terms, while on-year it added 2.4%.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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