22-January-2025
Economy News
 
South Korea Economy Barely Grew in Q4; BOK to Cut Rates in February - Reuters Poll
21-Jan-2025

The South Korean economy barely grew last quarter as political chaos weighed on consumer spending, according to a Reuters poll of economists who expect the Bank of Korea to cut interest rates next month following a surprise hold last week. Asia's fourth-largest economy grappled with uncertainty from President Yoon Suk Yeol's brief Dec. 3 martial law attempt, weakening economic sentiment and sluggish domestic demand which overshadowed the recovery in exports. After only growing 0.1% in the July-September quarter, South Korea's economy likely expanded a seasonally adjusted 0.2% in Q4, according to the median forecast of 24 economists.

News Source:- https://money.usnews.com/investing/news/articles/2025-01-20/south-korea-economy-barely-grew-in-q4-bok-to-cut-rates-in-february-reuters-poll