Economic news

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

2022.08.19 04:18

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

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 97,753.19 0.04%
ethereum
Ethereum (ETH) $ 3,352.01 1.65%
tether
Tether (USDT) $ 1.00 0.03%
solana
Solana (SOL) $ 252.66 0.93%
bnb
BNB (BNB) $ 660.78 0.87%
xrp
XRP (XRP) $ 1.44 2.20%
dogecoin
Dogecoin (DOGE) $ 0.425994 1.82%
usd-coin
USDC (USDC) $ 1.00 0.06%
cardano
Cardano (ADA) $ 1.02 4.95%
staked-ether
Lido Staked Ether (STETH) $ 3,350.62 1.58%
tron
TRON (TRX) $ 0.207518 2.26%
avalanche-2
Avalanche (AVAX) $ 41.56 0.50%
stellar
Stellar (XLM) $ 0.551523 11.88%
the-open-network
Toncoin (TON) $ 6.12 4.36%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 1.74%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,975.29 1.50%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,376.09 0.15%
polkadot
Polkadot (DOT) $ 8.89 3.65%
chainlink
Chainlink (LINK) $ 17.88 1.97%
bitcoin-cash
Bitcoin Cash (BCH) $ 513.67 1.26%
weth
WETH (WETH) $ 3,350.11 1.60%
sui
Sui (SUI) $ 3.36 2.67%
pepe
Pepe (PEPE) $ 0.00002 2.37%
near
NEAR Protocol (NEAR) $ 6.65 7.53%
leo-token
LEO Token (LEO) $ 8.50 1.48%
litecoin
Litecoin (LTC) $ 97.74 1.41%
aptos
Aptos (APT) $ 12.29 3.91%
uniswap
Uniswap (UNI) $ 10.76 0.33%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,525.50 1.74%
hedera-hashgraph
Hedera (HBAR) $ 0.148076 3.04%
internet-computer
Internet Computer (ICP) $ 11.68 2.45%
usds
USDS (USDS) $ 0.999899 0.22%
crypto-com-chain
Cronos (CRO) $ 0.190597 5.32%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.565358 0.64%
ethereum-classic
Ethereum Classic (ETC) $ 28.66 3.45%
render-token
Render (RENDER) $ 7.95 2.67%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.50 4.96%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
kaspa
Kaspa (KAS) $ 0.152466 0.37%
bittensor
Bittensor (TAO) $ 515.93 2.34%
bonk
Bonk (BONK) $ 0.000048 0.18%
vechain
VeChain (VET) $ 0.043606 4.34%
whitebit
WhiteBIT Coin (WBT) $ 24.35 1.68%
arbitrum
Arbitrum (ARB) $ 0.849201 1.45%
dai
Dai (DAI) $ 1.00 0.00%
filecoin
Filecoin (FIL) $ 5.71 3.98%
cosmos
Cosmos Hub (ATOM) $ 8.68 4.55%
celestia
Celestia (TIA) $ 7.83 9.31%
mantra-dao
MANTRA (OM) $ 3.64 1.33%
okb
OKB (OKB) $ 54.52 6.23%