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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%.
In August, American home sales stood still, although inventory added for the first time for three years because the housing market kept struggling notwithstanding strength across the broader American economy…
The Canadian dollar has chances to keep trading at good levels. According to the recent statement of the Bank of Canada, the country’s economic data are in line with the forecasts.
The main focus today is on the UK retail sales, which are expected to fall by 0…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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