Analysts at ANZ note that the South Korea’s preliminary Q1 2019 GDP printed -0.3% q/q sa (+1.8% y/y), which was the weakest since the global financial crisis. Key Quotes “The weakness was broad-based, with the decline in exports deepening and feeding into final domestic demand (particularly investment). While there are reasons to think that Q1 GDP may have marked the bottom in growth, the big picture is that South Korea’s economic performance is likely to be lacklustre in 2019 and any recovery would likely be gradual.” “In light of today’s weak outturn, we are downgrading our full-year growth forecast to 2.2% from 2.5%. With the economy on a shaky footing, the pressure for a stronger policy response is growing, and the odds that the Bank of Korea (BoK) will unwind its 2018 rate hike are rising. We are currently reviewing our forecast for no BoK rate change in 2019.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD Technical Analysis: Defends 0.70 in Asia, symmetrical triangle breakdown confirmed FX Street 4 years Analysts at ANZ note that the South Korea's preliminary Q1 2019 GDP printed -0.3% q/q sa (+1.8% y/y), which was the weakest since the global financial crisis. Key Quotes "The weakness was broad-based, with the decline in exports deepening and feeding into final domestic demand (particularly investment). While there are reasons to think that Q1 GDP may have marked the bottom in growth, the big picture is that South Korea's economic performance is likely to be lacklustre in 2019 and any recovery would likely be gradual." "In light of today's weak outturn, we are downgrading our full-year growth forecast to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
