South Korea's economy recovers with growth in manufacturing, exports, and domestic demand, despite global uncertainties.
South Korea's economy is showing signs of recovery, according to the Ministry of Economy and Finance's monthly Green Book report. The recovery is attributed to growth in manufacturing output, exports, and domestic demand. Export growth is at 13.8% in April, marking the seventh consecutive month of increase. However, the report also notes uncertainties, including global raw material price volatility and geopolitical risks in Europe and the Middle East.
May 17, 2024
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