Refinitiv Newscasts - Asia Insight: South Korea's finance ministry warns growth may slow, exports face growing downside risks

Hyundai Mobis

19/08/2022 09:31

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Source: Reuters

Description: South Korea's finance ministry on Friday warned economic growth
could slow on increasing downside risks for exports.
In its latest monthly
economic assessment the ministry warned that high inflation will continue,
while economic sentiment is weakening. 
The ministry cited monetary tightening
in major countries, an economic slowdown in the United States and China and
the lengthening war in Ukraine as increasing downside risks.

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