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flag South Korea reports weaker economic outlook amid slower domestic demand and global trade tensions.

flag South Korea's Ministry of Economy and Finance reported a less optimistic economic outlook due to slower domestic demand recovery, increased uncertainties, and global trade tensions. flag Despite a 10.3% drop in exports and a 0.6% decline in retail sales, facility investment grew 9.9%, and the country added 135,000 jobs in January. flag Consumer prices rose by 2.2%. flag Employment in construction and manufacturing fell, but health care and social welfare sectors saw gains. flag Import prices rose for the fourth consecutive month due to higher crude oil costs and a weaker won.

2 months ago
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