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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Saudi Arabia hikes oil selling prices for all grades to Asia
Slowing global economy to mean smaller revenue bump in Australian budget
Emerging-market optimism dashed by Fed as currencies, bonds sink
France’s Macron set to press China’s Xi on trade, Ukraine
Israeli Cabinet votes to shut down Al Jazeera’s local operations
Ukraine eases some wartime capital controls for businesses