South Korea Q4 economy suffered from weak consumer & business spending, political turmoil

  • South Korean Q4 2024 GDP came in at a disappointingly weaker than expected 1.2% y/y

South Korean Q4 2024 economic growth has come in weaker than expected

The lacklustre GDP numbers are in that post.

The Wall Street Journal (gated) has followed up with a summary. High(low)lights:

  • weak consumer spending
  • weak business spending
  • political turmoil ... martial-law attempt
  • sluggish domestic demand
  • private consumption weakened
  • construction investment remained in contraction
  • exports edged up on demand for semiconductors and other information-technology goods
South Korea democracy 2

South Koreans value their democracy without killing police officers.

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