Rising property prices in Korea are increasingly rapidly again, but there is a little sign of a bubble forming. Affordability has gradually improved across the country in recent years. Even in Seoul, affordability is roughly in line with its long-run average.
Indonesia recorded a rate current account surplus in the third quarter of the year. Given the country normally faces perennial balance of payments strains, a surplus would normally be welcome. In this case though, the surplus is mainly the result of a collapse in import demand caused by the weakness of the domestic economy – not something to celebrate.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services