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.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- March PE expectations in Turkey weighed by new capacities, cooling demand
- PP prices hit 4-year low in China as demand remains minimal
- Taiwanese major’s March PVC offers to Asia up despite virus fears
- Virus-impacted demand inflicts toll on Vietnam's PE market
- HDPE fails to track firmer trend of LD, LLDPE in Europe
- China’s ABS market on soft path dragged by subdued demand
- Softening trend prevails in SEA PP market as virus fears dampen sentiment
- Chinese producers cut PET offers further amid coronavirus outbreak
- Oil and petchem companies’ earnings hit by falling margins in 2019
- Will February PP hikes prove workable in Europe?