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.
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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