OECD: South Korean economy will slow down in the near future
|The Organization for Economic Cooperation and Development (OECD), in a weekend report on the South Korean economy, underscored the headwinds to the South’s economic growth in the coming months.
Key Highlights:
OECD Composite leading indicator (CLI) for Korea fell 0.3 points from 99.2 in June.
CLI used as a warning sign.
OECD says it indicates the Korean economy will worsen in six to nine months’ time, citing declining domestic consumption and shrinking investment.
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