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South Korea's economy shrank for the first time in two years, but growth is expected from China’s reopening - TL;DR CNBC

South Korea's economy shrank for the first time in two years, but growth is expected from China’s reopening

Publishing timestamp: 2023-01-25 23:28:17


Summary

South Korea's economy saw its first quarterly contraction since the second quarter of 2020 according to advance estimates released by the central bank. The benchmark Kospi stock index continued to show gains for the fourth consecutive session on Thursday. Goldman Sachs Senior Asia Economist Goohoon Kwon said South Korean trade will likely pick up from the fully reopened Chinese economy. Goh's firm expects South Korea's economy to climb early this year.


Sentiment: NEUTRAL

Tickers: GS.KS11KRW=GSBD

Keywords: breaking news: asiasouth koreainterest ratesgoldman sachs group incbreaking newseconomic eventsasia economybusiness newschinagoldman sachs bdc incus dollar/korean won fx spot rateunited statescentral banking

Source: https://www.cnbc.com/2023/01/26/south-koreas-economy-growth-expected-from-china.html


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