Oh Suktae
Oh Suktae
continue damage economic exports hurt korean role south stronger won
A stronger won will continue to hurt exports. That will damage the competitiveness of South Korean exports that still play a big role in economic growth.
components few quite
If you look at the components there are quite a few worrisome points.
account company current deficit fall income meant recovery savings shows soon weak
The current account deficit shows that the dollar/won exchange-rate fall has meant deteriorating company profits, while savings have declined. The consumption recovery may soon be constrained by weak income growth.
among balance believe continue currently goals inflation key policy
We continue to believe that inflation is currently the least worrisome among the key macroeconomic policy goals such as growth, inflation and balance of payments.
auto based basically data expect exports february impressive industrial output production prone recent recovery year
We expect the recent impressive recovery in industrial output to basically continue, based on exports and auto production data. February data are still prone to distortions from the Lunar New Year holiday.
domestic expected falling february means month picked sales
We had expected sales to have picked up in February after falling on month the preceding month, but this hasn't happened, which means that domestic consumption could be in trouble.