News Snapshot:
[Korea’s economy likely lost some steam in Q3, cooling China a worry] South Korea’s economic growth likely slowed a bit 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 expanded by a seasonally-adjusted 0.6 percent in the third quarter from the previous three-month period, according to the median forecast of 12 economists, after growing 0.8 percent in April-June. On a year-on-year basis, gross domestic product (GDP) likely expanded 4.2%, down sharply from the second quarter’s...
