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

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.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.