default_top_notch
default_news_top
default_news_ad1
default_nd_ad1

Export-led recovery being maintained amid growing uncertainties: finance ministry

기사승인 2018.08.10  10:22:29

공유
default_news_ad2

South Korea's economic recovery being maintained by robust exports, although capital spending and production are facing adjustments and external uncertainties are on the rise, a government report said Friday.

A weaker job market, rate hikes in the United States and rising oil prices pose downside risks for Asia's fourth-largest economy, the finance ministry said in its monthly economic assessment report.

"The economy is maintaining its export-led recovery, but facility investment and output faced corrections, and uncertainties increased over trade conflict between the U.S. and China," it added.

The report, called the "Green Book," is based on the latest economic indicators of such key factors as output, exports, consumption and corporate investment, which provide clues as to how the economy has been faring in recent months.

The country's overall industrial output fell 0.7 percent on-month in June, following the previous month's 0.2 percent on-month gain.

Retail sales rose 0.6 percent on-month in June, and facility investments dipped 5.9 percent in the month as well, according to the latest review.

South Korea's exports have been on a steep upside cycle since November 2016, led by a spike in global demand.

Outbound shipments jumped 6.2 percent in July from a year earlier, according to government data.

At home, there have been worries that Asia's fourth-largest economy may be entering a downward path.

Consumer sentiment also deteriorated, with private spending suffering a slowdown.

"The implementation of fiscal spending will be accelerated to help bolster the economic recovery and create more jobs," an official at the ministry said. (yonhap)

Kim Jung mi edt@koreapost.com

<저작권자 © 코리아포스트 무단전재 및 재배포금지>
default_news_ad5
default_side_ad1
default_nd_ad2

인기기사

default_side_ad2

포토

1 2 3
set_P1
default_side_ad3

섹션별 인기기사 및 최근기사

default_side_ad4
default_nd_ad6
default_news_bottom
default_nd_ad4
default_bottom
#top
default_bottom_notch