South Korea: Growth momentum picked up pace in Q2 2022 – UOB
28.07.2022, 13:00

South Korea: Growth momentum picked up pace in Q2 2022 – UOB

Economist at UOB Group Ho Woei Chen, CFA, assesses the recently published GDP figures in South Korea.

Key Takeaways

“South Korea’s GDP rose sequentially for the 8th consecutive quarter with the momentum picking up to 0.7% q/q from 0.6% in 1Q22 as stronger private consumption and government expenditure offset weaker exports and facilities investment.”

“Export and investment could continue to underperform in 2H22 due to factors including weaker global growth, elevated energy prices and accelerated rate hikes to temper runaway inflation. The Bank of Korea (BoK) is expected to continue raising its interest rate for the rest of this year.”

“As such, the strong consumption recovery in 2Q22 could be short-lived with COVID resurgence risks also adding to the growth headwinds. Government spending may also moderate as the new administration plans a tightening in fiscal rules.”

“South Korea’s economy expanded by 2.9% y/y in 1H22. Taking into consideration of the stronger than expected 2Q22 GDP and increased downside risks, we are maintaining our full-year GDP growth forecast for South Korea at 2.7%, with an expected slowdown to 2.8% y/y in 3Q and 2.1% in 4Q.”

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik