Korea’s manufacturing sector is in for a painful year with bloated inventories and weak external demand set to drag on production. Data published earlier today showed that production of semiconductors fell another 17% m/m in February. The outlook for consumer spending is also downbeat as a sharp increase in debt servicing costs is set to take its toll on consumption. Also in this week's Weekly, we consider what impact the UK joining the CPTPP trade pact will have on the region.
EM Drop-In (6th Apr.): Our latest EM online briefing is all about the risks around the recent bank turmoil, including potential economic spill-overs and the state of EM bank balance sheets. Register now.
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