South Korea’s Q3 economic growth revised up to 1.3%
The revised growth rate was attributed to the government’s stimulus measures, such as reducing taxes for large purchases and loosening regulations for home buyers, following the outbreak of the Middle East Respiratory Syndrome (MERS) in May. However, economists are skeptical about whether the growth will be sustainable as it was fully driven by government stimulus, which will expire soon.
Meanwhile, South Korea’s exports declined for the 11th consecutive month in November, falling 4.7% from a year earlier.
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