South Korea's Solid Export Growth Is Offsetting Weak Domestic Demand

ING Economic and Financial Analysis5.32K FollowersFollow5ShareSavePlay(7min)CommentsSummarySouth Korea’s exporters performed robustly in the first quarter, overcoming rising input costs and supply constraints and offsetting weaker domestic demand.The Bank of Korea will face increasing challenges balancing sluggish domestic demand against robust export as inflationary pressures intensify in the coming months.Commodity price hikes boosted the import price index markedly by 18.4% year-on-year in March (vs 1.6% in February). Kuklev/iStock via Getty Images By Min Joo Kang, Senior Economist, South Korea and Japan Jobless rate fell in March, but suggests subdued demand South Korea’s jobless rate fell to 2.7% in March (vs 2.9% in February and market consensus). However, the details were quiteThis article was written byING Economic and Financial Analysis5.32K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.