Korea’s economy is expected to maintain its current recovery pace in the coming months as industrial output, consumption and facility investment rebound, a government report said on Jan. 12.
However, a weaker job market and ongoing trade issues are likely to continue to weigh on the nation’s economy, the Finance Ministry said in its monthly economy assessment report.
“Amid a modest growth in exports, the pace of an economic recovery is proceeding on the back of a rebound in industrial output, consumption and facility investment,” the ministry said.
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.
Korea’s exports have been on a steep upside cycle since November 2016, led by a spike in global demand.
By Alex Lee and newswires (email@example.com