Economics
Korea Expected to Have Emerged From Recession in Better Shape Than G-7
- Moon calls for steps to seize momentum, accelerate growth
- ‘Swoosh recovery’ may continue in 4Q as chip exports rise: DBS
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South Korea’s economy looks set to rebound from a pandemic-triggered recession in a stronger position than most developed nations, aided by an exports recovery, stimulus measures and its relatively successful containment of the coronavirus.
Gross domestic product likely expanded 1.3% in the third quarter from the previous three months, according to economists’ estimates ahead of the official release due Tuesday. That would confirm the trade-reliant economy has emerged from its first recession since 2003 with relatively limited damage compared with many other parts of the world.