S Korea's economy rebounds in Q3 from Mers outbreak

Seoul

SOUTH Korea's economy rebounded in the third quarter as an outbreak of the Middle East Respiratory Syndrome (Mers) receded and consumers ventured back to the shops, offsetting weakness in sales abroad.

Policy makers including Finance Minister Choi Kyung Hwan and Bank of Korea (BOK) governor Lee Ju Yeol have highlighted positive signs in the economy, while cautioning that risks remain from weakness and uncertainties in overseas markets. The better-than-expected economic rebound is likely to ease pressure on the BOK for further monetary easing.