Report reveals uneven growth, rising government debt and population concerns, overshadowing historic milestone
South Korea’s central bank’s economic report for the first quarter of 2024 revealed steady economic growth, a historic milestone in per capita income and a downward revision of the household debt-to-GDP ratio.
However, a closer examination of the data reveals that South Korea’s economy is grappling with a series of challenges that could have far-reaching implications for its future prosperity.
South Korea’s central bank’s economic report for the first quarter of 2024 revealed steady economic growth, a historic milestone in per capita income and a downward revision of the household debt-to-GDP ratio.
However, a closer examination of the data reveals that South Korea’s economy is grappling with a series of challenges that could have far-reaching implications for its future prosperity.
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