South Korea GDP: On the path to recovery - ANZ
|Analysts at Australia and New Zealand Banking Group (ANZ) offer their afterthoughts on the South Korean GDP data release that outpaced expectations.
Key Quotes:
“South Korea’s preliminary Q4 GDP came in at 1.2% q/q sa and 2.2% y/y, beating expectations. Government spending and exports were the key contributors to y/y growth, but the drag from investment also eased.
2019 growth came in at 2.0% (the weakest since the global financial crisis), but is expected to pick up in 2020 against a backdrop of improving exports and strong fiscal support.”
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