World

S. Korean gov't sees signs of economic recovery

SEOUL
2024-01-12 14:24

Already collect



SEOUL, Jan. 12 (Xinhua) -- The South Korean government saw signs of economic recovery for the third month in its economic report Friday on the back of export rebound.

The Ministry of Economy and Finance said in its monthly report, called Green Book, that signs of economic recovery gradually expanded on export growth amid the continuously slowing inflation.

The ministry noted that the pace of recovery would vary by economic sector due to concerns about slump in private consumption and construction investment, adding that uncertainties remained such as geopolitical risks in Europe and the Middle East and the possibility of supply chain disruption.

The country's exports increased 5.1 percent in December from a year earlier, keeping an upward trend for the third consecutive month.

Retail sales added 1.0 percent in November from a month earlier, but facility and construction investments retreated 2.6 percent and 4.1 percent each.

The number of jobs expanded 285,000 in December from a year earlier, continuing to grow for the 34th successive month.

Consumer prices gained 3.2 percent in December on a yearly basis after going up 3.3 percent in the previous month.
Add comments

Latest comments

Latest News
News Most Viewed