Despite a record-breaking KOSPI rally, the Bank of Korea finds that rising asset prices are failing to significantly boost private consumption, with benefits concentrated among high-income households and volatility dampening the wealth effect.
#YonhapInfomax #BankOfKorea #KOSPI #PrivateConsumption #HighIncomeHouseholds #AssetEffect #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=107117South Korea's Finance Ministry maintained its economic recovery outlook for a fourth month, citing improved domestic demand and a surge in semiconductor exports, while warning of ongoing uncertainties in employment and construction investment.
#YonhapInfomax #MinistryOfEconomyAndFinance #SemiconductorExports #GDP #PrivateConsumption #EmploymentData #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=105367
Financial Research Institute Forecasts South Korea's Real GDP Growth to Rebound to 2.1% in 2025—1.0% Expected for This Year
South Korea's real GDP is forecast to grow 1.0% in 2024 and rebound to 2.1% in 2025, driven by accommodative policies and a gradual recovery in domestic demand, according to the Korea Institute of Finance.
South Korea’s Q3 GDP is estimated to have grown 0.95% quarter-on-quarter and 1.51% year-on-year, driven by strong exports and improved private consumption from government stimulus, though construction remains a drag.
#YonhapInfomax #GDP #SouthKorea #Exports #PrivateConsumption #SupplementaryBudget #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=86448
[Infomax Poll]Q3 GDP Rises 0.95% Quarter-on-Quarter, Up 1.51% Year-on-Year
South Korea’s Q3 GDP is estimated to have grown 0.95% quarter-on-quarter and 1.51% year-on-year, driven by strong exports and improved private consumption from government stimulus, though construction remains a drag.
South Korea's National Assembly Budget Office forecasts 1.0% GDP growth for 2025 and 1.9% for 2026, citing a recovery in private consumption and stable inflation, but warns of risks from global trade tensions and weak investment.
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National Assembly Budget Office Projects 1.0% GDP Growth for 2025—1.9% Expansion Expected Next Year
South Korea's National Assembly Budget Office forecasts 1.0% GDP growth for 2025 and 1.9% for 2026, citing a recovery in private consumption and stable inflation, but warns of risks from global trade tensions and weak investment.
Growth in Card Spending Slows in First Half—'Private Consumption Recovery Remains Tepid'
South Korea's payment card spending growth slowed to 3.7% in H1 2025, as private consumption recovery remained sluggish, with mobile payments surpassing 53% of total transactions.
The US economy grew at an annualized 3.3% in Q2, surpassing both market expectations and the advance estimate, as robust private consumption and lower imports drove the upward revision.
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US Q2 GDP Growth Revised Up to 3.3%—Beats Forecasts and Advance Estimate (Update)
The US economy grew at an annualized 3.3% in Q2, surpassing both market expectations and the advance estimate, as robust private consumption and lower imports drove the upward revision.
Japan Q2 Real GDP Grows at Annualized 1.0%—Beating Expectations (Update)
Japan’s real GDP grew 1.0% annualized in Q2 2025, beating forecasts and marking five straight quarters of expansion, while the yen remained stable post-release.
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