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ING International: South Korea's economy barely avoided a recession in the third quarter. The Bank of South Korea is cautious about interest rate cuts.
October 24, according to ING Groep analyst Min Joo Kang, south korea's economy barely avoided a technical recession in the third quarter, with a quarter-on-quarter growth rate of 0.1% after adjusting for seasonal factors, but it fell short of the market's expectations.
South Korea's Q3 Economy Grows Weaker Than Predicted Amid Export Slowdown