Get 40% Off
🎁 Free Gift Friday: Copy Legendary Investors' Portfolios in One ClickCopy for Free

S.Korea finance ministry warns growth may slow, exports face growing downside risks

Published 08/18/2022, 09:02 PM
Updated 08/18/2022, 09:11 PM
© Reuters. FILE PHOTO: People cross a zebra crossing in a business district in central Seoul, South Korea, December 15, 2015. REUTERS/Kim Hong-Ji

SEOUL (Reuters) - South Korea's finance ministry on Friday warned economic growth could slow on increasing downside risks for exports.

"It is concerning that economic growth may slow due to limited export recovery going forward, while high inflation pressure continues and economic sentiment is also partly affected amid worsening external conditions," the ministry said in its latest monthly economic assessment.

The ministry cited continued inflation pressure globally, monetary tightening in major countries, economic slowdown in the United States and China and the lengthening war in Ukraine as increasing downside risks.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.