OECD: South Korean economy will slow down in the near future

Dhwani Mehta FXStreet

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.

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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