A year of modest growth amid challenges from domestic consumption and global uncertainties
South Korea’s GDP growth was substantially under its expected potential last year, registering at an estimated 1.4%. Projections for the current year suggest an uptick in growth, primarily attributed to a strong resurge in exports, especially in the semiconductor industry.
Investments in industry facilities, closely correlated with exports and the semiconductor sector, are also predicted to further fuel this growth rebound.
South Korea’s GDP growth was substantially under its expected potential last year, registering at an estimated 1.4%. Projections for the current year suggest an uptick in growth, primarily attributed to a strong resurge in exports, especially in the semiconductor industry.
Investments in industry facilities, closely correlated with exports and the semiconductor sector, are also predicted to further fuel this growth rebound.
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