Tag - Domestic demand fueling growth momentum amid weak exports

Domestic demand fueling growth momentum amid weak exports

Rising domestic demand in South Korea is stimulating industrial output and fueling growth momentum amid contracting exports and persistent overseas economic uncertainties, the finance ministry said Tuesday. In its latest economic assessment report called the Green Book, the ministry said consumer spending rose 1.1 percent in the third quarter from three months earlier and gained 2 percent on-year. In August, private spending began to improve following a poor showing in the second quarter. Production in the mining, manufacturing, gas and electricity [...]

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