South Korea’s economy likely lost some of its momentum in the third quarter, which worries China: Reuters poll WSAU News / Talk 550 AM · 99.9 FM


Source: shepherdgazette.com shepherdgazette.com

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Share By Vivek Mishra BENGALURU (Reuters) – South Korea’s economic growth likely slowed somewhat in the third quarter as robust exports were partially offset by subdued domestic demand due to the spread of the delta coronavirus variant, a Reuters poll found. Asia’s fourth-largest economy is expected to have grown by a seasonally adjusted 0.6% in the third quarter compared to the previous three-month period, according to the median forecast of 12 economists, after it had grown by 0.8% in April-June. On an annual basis, gross domestic product (GDP) is likely to have grown by 4.2%, well below the 6.0% in...