South Korea Facing Heightened Uncertainties
South Korea Facing Heightened Uncertainties

South Korea Facing Heightened Uncertainties

South Korea Facing Heightened Uncertainties

The South Korean economy has been facing heightened internal and external uncertainties on par with those in 2011, when the world was hit hard by the European fiscal crisis, a report said Sunday, Yonhap reported. “Along with the local political turmoil, South Korea will likely struggle with intensified uncertainties that may surpass the 2011 level, stemming from the murky policies of the new US government and growing trade disputes,” said the report by the Hyundai Research Institute. The HRI-invented uncertainty index measured by 11 economic data, including the volatility of stock and foreign exchange markets and credit spread, reached 48 in December last year, up sharply from 37.7 in October. The index soared to 87.6 in 2008 in the midst of the global financial crisis. The December figure was only a few points shy of 52.8 tallied in 2011, when the European Union was struggling with fiscal debt problems in Greece and Spain. 

Short URL : https://goo.gl/tHQX5z
  1. https://goo.gl/L14byd
  • https://goo.gl/1R1Kzr
  • https://goo.gl/Z620I9
  • https://goo.gl/iLU9II
  • https://goo.gl/OUHjre

You can also read ...

Household debt topped the list of key systemic risks cited by market watchers at 87%.
South Korea’s growing household debt and geopolitical risks...
The Ritz-Carlton Hotel in Riyadh houses over 200 arrested princes, government ministers  and members of the military on corruption charges.
There has been no big outflow of money from Saudi Arabia as a...
Jordan’s real GDP is forecast to grow at 3% in 2018 and 3.2% in 2019.
Jordan’s economy which has been straddled with mounting debt...
The telecommunications and computers industry saw  flat year-on-year performance in the third quarter.
Singapore’s domestic wholesale trade expanded by 11.3% in the...
IMF expects demand growth for housing to remain robust.
The International Monetary Fund says any pickup in Australian...
The export climate index remains elevated.
Japan’s exports grew 14% over a year earlier in October on...
Michel Barnier during his speech in Brussels, Nov 20, said: Britain would lose its “passporting” rights to let banks automatically do business in the EU after it leaves in March 2019.
European Union Brexit chief Michel Barnier said on Monday the...
Nigeria Recovery Fragile
Nigeria’s economy grew 1.4% year-on-year in the third quarter...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.