Fitch Ratings’ Zook: US latest tariff on Chinese imports could shave 0.5% off S. Korea's growth rate

Dhwani Mehta FXStreet

The US-based Fitch Ratings Associate Director Jeremy Zook was out on the wires last hour, expressing his take on the South Korean economic situation amid ongoing US-China and South. Korea-Japan trade spat.

Key Quotes:

US latest tariff on Chinese imports could shave 0.5% off S. Korea's growth rate.

Expects another 25bps interest rate cut by end of 2019.

Escalating US-China trade war is fully reflected in S. Korea’s downgraded growth forecast for 2020.

Does not see S. Korea falling into recession.

Trade tension with Japan will have more negative impact on S. Korea than Japan.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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