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Asia Pacific Economic overview

August 2018

South Korea’s economy saw steady growth in Q2, but risks remain to the country’s economic expansion this year.

South Korea’s GDP grew by 2.9% on an annual basis in Q2, up from 2.8% in Q1, according OECD data. Strong exports helped support the country’s economic growth during the first half of the year. However, a weak job market and an increasingly competitive export market pose risks to growth. Higher oil prices and a rising import bill could also hit the country’s economy. The strong economic expansion...