South Korea economy averts recession but faces strong headwinds

SEOUL¬† ¬†-South Korea’s heavily trade-reliant economy barely averted a recession posting slim growth in the first quarter, but the outlook remained clouded by weak exports due to a cooling global economy, even with China’s reopening. South Korea’s gross domestic product (GDP) in the first quarter expanded by 0.3 percent over the previous three-month period, official … Continue reading South Korea economy averts recession but faces strong headwinds