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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 April, new orders for American capital goods tacked on by the most for eight months, although a tumble in shipments dropped a hint that business spending on equipment decelerated in the first quarter…
In the first quarter, the South Korean economy suddenly contracted, thus marking its worst outcome since the global financial meltdown…
American mortgage applications to purchase a home and to have it refinanced demonstrated their steepest weekly slump for four months due to the fact some mortgage rates jumped to one-month maximums, in step with higher bond gains…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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