South Korea’s FinMin: Deepening trade tensions, unemployment weigh on economy
|South Korea’s Finance Ministry published its monthly economic assessment report on Friday, with the key headlines found below (courtesy Reuters).
Deepening trade tensions and a feeble job market are weighing on the economy.
Expected US Federal Reserve interest rate hikes and soaring oil prices were also downside risks.
Amid global uncertainties, robust exports, driven by sales of petroleum goods, steel products and memory chips, have shored up the economy.
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