South Korea's economy continued to grow in the third quarter but at a slowe...
SEOUL - South Korea’s economy continued to grow in the third quarter but at a slower pace than in the second, when government spending lifted the pace following a contraction in January-March, a Reuters poll found on Tuesday.
In annual terms, third-quarter growth was expected to remain steady at 2.1% from 2.0% in April-June, according to the poll. Thirty economists provided year-on-year growth estimates. Exports plunged 19.5% during the first 20 days of October from a year earlier, pressured by weak sales to China and frail global demand for semiconductors.“It is premature to expect a substantial turnaround,” said Ma Tieying, economist at DBS Bank, adding that external conditions remain challenging, with a global growth slowdown and unresolved trade conflicts.
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