New Market Report Now Available: South Korea Food & Drink Report Q1 2014
We remain cautious about South Korea's economic growth trajectory, despite stronger than expected growth in 2013 (buoyed mainly by the manufacturing and construction sectors). While we do not discount further upside for the rest of 2013 (and have revised our forecasts up to 2.5%), we remain less sanguine towards Korea's economic trajectory in 2014. Korean trade momentum is likely to face continuing headwinds from China. Domestically, the construction rebound that we have witnessed this year is unlikely to extend into...
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