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.
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.