SEOUL : South Korea's downtrend in exports likely slowed in June, with the trade balance set to swing to a surplus for the first time in 16 months, a Reuters survey showed, raising the prospect of an end to a sustained fall in shipments that began late last year.South Korea - a bellwether for global trade
SEOUL : South Korea's downtrend in exports likely slowed in June, with the trade balance set to swing to a surplus for the first time in 16 months, a Reuters survey showed, raising the prospect of an end to a sustained fall in shipments that began late last year.
That would mark the slowest fall for the current trend of year-on-year declines that began in October 2022. Two of the surveyed economists predicted marginal growth in exports for this month. Global demand for goods has been weakening over the past year as many economies struggled with high inflation and the subsequent streak of interest rate increases to tame price pressures.
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