South Korean economic growth likely decelerated in Q4 2017

The South Korean economic growth data for the fourth quarter is set to be released this week. According to a DBS Bank, the South Korean GDP is expected to have dropped to 3.3 percent year-on-year from the prior quarter’s 3.8 percent.

On a sequential basis, the economic growth is likely to have fallen more notably to 0.4 percent from 6.3 percent. The deceleration is expected to have been mainly driven by exports and investment, reflecting the distortion impact on manufacturing activity from the October long holidays. This is a “technical slowdown” and thus, not a real concern.

“Full-year GDP growth is expected to match the consensus and official projections, slightly exceeding the 3 percent mark”, added DBS Bank.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest