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Moody’s: South Korea’s economic growth in the second quarter may slow down

MarsBitNews
Mars Finance news. On July 20, Moody’s Analytics said in a report that South Korea’s second-quarter economic growth rate may slow from 1.8% in the first quarter to 0.9%. Due to the boom in the semiconductor industry driven by artificial intelligence, exports (especially semiconductor exports) will once again shoulder the main burden. Domestic demand in South Korea is expected to remain weak, with consumer spending only showing a slight improvement. High energy costs are intensifying inflation pressure, and government measures can only partially alleviate it. South Korea’s second-quarter GDP preliminary figure will be released on Thursday.
MCO-2.94%
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