Is S. Korea dangerous for women?
S. Korea holds rare military parade, warns NK against nuclear attack
Seoul prepares for first major military parade in ten years
Do professors in Korea have too much power over students?
Opposition leader Lee attends arrest warrant hearing at Seoul court
Young swimmer enjoys self-fulfilling prophecy in gold medal-winning race
S. Korean fencer Oh Sang-uk wins gold in men's individual sabre
Chief justice seat at top court left vacant amid Assembly chaos
[Herald Interview] S&P economist tells Korea to brace for worst-case scenario with China
Trilateral talks open on Korea-Japan-China meeting
Korea's Q1 GDP growth may accelerateBy KH디지털2
Published : April 5, 2017 - 11:44
South Korea's economic growth for the first quarter of this year is expected to be faster than the fourth quarter of last year, fueled by robust exports, according to estimates by foreign investment banks Wednesday.
Although the nation's industrial output fell in February, foreign banks, including Barclays, HSBC and Citibank, expected production to bounce back, helped by strong exports on improved global demand.
The estimates, compiled by the Korea Center for International Finance, came as South Korea posted 13.7 percent growth in March exports.
Bank of America predicted that South Korea's export growth would lead to a recovery in industrial production and facility investment, offsetting weakness in private consumption and the construction sector.
JP Morgan expected South Korea's first-quarter economic growth to be higher than a quarter ago, led by exports.
The Bank of Korea said last week that the nation's economy grew a seasonally adjusted 0.5 percent during the fourth quarter of last year, revising up an earlier estimate by 0.1 percentage point.
The revised data showed that South Korea's economy grew 2.8 percent last year. (Yonhap)
Lee Jae-myung's arrest reprieve emboldens opposition fightback
The Korea Herald to hold space forum on Oct. 11
[Herald Interview] 'UN peacekeeping forces need better gender equity'