Mexican Media Brands
South Korea’s Economic Growth Stalls
South Korea's economy grew by a seasonally adjusted 0.4% in last year's fourth quarter compared with 0.9% in the previous quarter and 2.7% in October-December 2013.
#economics
Share
South Korea's economy grew by a seasonally adjusted 0.4% in last year's fourth quarter compared with 0.9% in the previous quarter and 2.7% in October-December 2013. It was the country's smallest gain since 2008.
Analysts blame the slowdown on a decline in exports and spending on infrastructure. Construction investment plunged 9% in October-December, the worst result in 16 years, as shrinking tax revenue prompted government cutbacks.
Economists say the cooling economy may prompt the Bank of Korea to lower its key interest rate for the fourth time in less than two years. The central bank reduced the rate to a record low 2% in October.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data