Central Banks
South Koreans’ Economic Outlook Frays at Fastest Pace Since 2022
Customers at the Gyeongdong Market in Seoul, South Korea.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
South Koreans’ outlook for the economy deteriorated at the fastest pace in more than two years in November, according to a monthly central bank survey conducted after Donald Trump’s US election victory.
An index representing consumer expectations for economic momentum fell seven points to 74, according to the Bank of Korea on Tuesday. It marked the largest drop since the summer of 2022 when many central banks around the world accelerated their interest rate hikes to fight inflationary pressure.