Signs of a slowdown in South Korea.
Even if the NSO is correct many will look at the upward trend as slowing significantly.
South Korea is the world's 11th largest economy, and what happens there has implications for the world economy as a whole.
In terms of the world economy, commentary is beginning to surface that it may be headed for a slowdown.
In South Korea, in addition to private consumption, there were several other indications of slowdown. Industrial output is down, says the AFP, exports are termed "sluggish" and the country's "current account is in the red."
Also, South Korea's economic indicators are down. The index of leading economic indicators, which measures future economic performance, was down 0.3 points in February 2006. The indicator that measures current economic trends, South Korea's coincident index, showed a 0.6 point gain in January 2006, but also fell 0.3 points in February 2006.
High oil prices, appreciation of the South Korean won, and a sluggish stock market are also weighing on economic aspirations.
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|Title Annotation:||economic outlook|
|Publication:||Market Asia Pacific|
|Article Type:||Brief article|
|Date:||Apr 1, 2006|
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