2024-03-29 03:12:00 ET
Summary
- Thanks to strong global demand for semiconductors, IP rose more than expected.
- But, domestic demand appears to have weakened further, which is likely to weigh on overall GDP growth in the current quarter.
- We found that there are more clear signs of a slowdown in consumption and investment, and thus the Bank of Korea will shift its policy focus to domestic growth conditions later this year.
By Min Joo Kang
All industry output accelerated its growth on the back of strong chip sector performance
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For further details see:
Korea: Industrial Production Rebounded While Construction And Retail Sales Weakened In February