KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar 
Gold Prices Retreat From Two-Month High as Softer Inflation Eases Fed Rate Hike Bets 
Trump Imposes New US Tariffs on Drone Imports Over National Security Concerns 
Strait of Hormuz Shipping Near Standstill After New Vessel Attacks 
China Automakers Accelerate Global Expansion as Domestic Car Sales Slump 
S&P 500 Hits Record High as Soft Inflation Data Eases Fed Rate Hike Fears 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
Add as a preferred source on Google
The economic growth of South Korea is expected to further slow down during the fourth quarter of this year, before stabilizing in the first half of next year.
The economy grew 2.8 percent q/q on a seasonally adjusted annual rate in 3Q, a slower rate compared to 3.2 percent in 2Q but slightly better than the consensus expectations. The slowdown mainly came from exports (3.2 percent vs. 4.4 percent in 2Q) and private consumption (1.8 percent vs. 4.0 percent).
By contrast, gross fixed capital formation continued to grow strongly in 3Q (8.7 percent), driven by construction investment (16.6 percent). Government consumption also increased steadily (5.8 percent).
GDP growth is expected to slow further and more notably in 4Q16 before stabilizing in 1H17. Barring a contraction in 4Q16, however, the full-year growth should still match the BoK’s forecast of 2.7 percent. Risks will fall on the 2017 forecast (2.8 percent).
"Expect the BoK to closely watch the downside growth risks in the upcoming quarters and maintain an easing bias on monetary policy," DBS commented in its latest research note.
