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, .KS11, KRW=, GSBD,
Keywords: breaking news: asia, south korea, interest rates, goldman sachs group inc, breaking news, economic events, asia economy, business news, china, goldman sachs bdc inc, us dollar/korean won fx spot rate, united states, central banking,
Source: https://www.cnbc.com/2023/01/26/south-koreas-economy-growth-expected-from-china.html