Exports likely buoyed S Korea GDP growth in Q4, braking China dims outlook: Reuters poll

21/1/2022 3:51:00 AM

Exports likely buoyed S Korea GDP growth in Q4, braking China dims outlook: Reuters poll

Exports likely buoyed S Korea GDP growth in Q4, braking China dims outlook: Reuters poll

BENGALURU : South Korea's economy likely accelerated in the last quarter, buoyed by strong exports and investments, but an economic slowdown in China and surging COVID-19 cases pose a significant risk, a Reuters poll found.Asia's fourth-largest economy is expected to have expanded a seasonally-adjusted 0.

BENGALURU : South Korea's economy likely accelerated in the last quarter, buoyed by strong exports and investments, but an economic slowdown in China and surging COVID-19 cases pose a significant risk, a Reuters poll found.Asia's fourth-largest economy is expected to have expanded a seasonally-adjusted 0.9per cent in the fourth quarter, according to the median forecast of 10 economists, up from a 0.3per cent rise in the preceding quarter.

However, the survey showed growth in annual terms likely slowed to a median 3.7per cent, based on a higher sample of 16 economists, from 4.0per cent in the third quarter, partly due to the above-trend expansion registered in the comparable period in 2020.

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S Korea Jan 1-20 exports jump 22.0per cent y/y - customs agencySEOUL : South Korea's exports for the first 20 days of January soared 22.0per cent from a year earlier, customs agency data showed on Friday, while imports surged 38.4per cent, resulting in a provisional trade deficit of $5.63 billion.Breakdown of the data showed outbound shipments of semiconductors, cars

China says it warned away U.S. warship in South China SeaChinese forces followed and warned away a U.S. warship which entered waters near the Paracel Islands in the South China Sea, the country's military said on Thursday, in the latest uptick in tensions in the disputed waterway. The Southern Theatre Command of the People's Liberation Army said the USS Benfold 'illegally' sailed into Chinese territorial waters without permission, violating the country's sovereignty, and that Chinese naval and air forces tracked the ship. 'At the conclusion of the operation, USS Benfold exited the excessive claim and continued operations in the South China Sea,' 7th Fleet spokesman Mark Langford said.

China says it warned away US warship in South China SeaBEIJING — Chinese forces followed and warned away a US warship which entered waters near the Paracel Islands in the South China Sea, the country's military said on Thursday (Jan 20), in the latest uptick in tensions in the disputed waterway.

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LinkedIn BENGALURU : South Korea's economy likely accelerated in the last quarter, buoyed by strong exports and investments, but an economic slowdown in China and surging COVID-19 cases pose a significant risk, a Reuters poll found.LinkedIn SEOUL : South Korea's exports for the first 20 days of January soared 22.Read full article 20 January 2022, 6:35 am · 1-min read US destroyer USS Benfold forward-deployed to the U.The Southern Theatre Command of the People's Liberation Army said the USS Benfold"illegally" sailed into Chinese territorial waters without permission, violating the country's sovereignty, and that Chinese naval and air forces tracked the ship.

Asia's fourth-largest economy is expected to have expanded a seasonally-adjusted 0.9per cent in the fourth quarter, according to the median forecast of 10 economists, up from a 0.4per cent, resulting in a provisional trade deficit of $5.3per cent rise in the preceding quarter.S. However, the survey showed growth in annual terms likely slowed to a median 3. Breakdown of the data showed outbound shipments of semiconductors, cars and petroleum products jumped 29.7per cent, based on a higher sample of 16 economists, from 4. China has established military outposts on artificial islands in the waters, which are crossed by vital shipping lanes and also contain gas fields and rich fishing grounds.

0per cent in the third quarter, partly due to the above-trend expansion registered in the comparable period in 2020.8per cent and 84. "We solemnly demand that the U. The data will be released on Jan. 25. By destination, exports to China, the United States and European Union, during the period, rose 18. "It is highly probable private consumption has weakened somewhat due to the re-spread of the COVID-19 in Korea, but solid exports and investments supported growth in Q4," said Chun Kyu-yeon, an economist at Hana Financial Investment in Seoul. The U. South Korea's recovery from a pandemic-induced economic slump has been largely driven by robust exports, which expanded at their fastest pace in 11 years in 2021.0per cent and 15.

By destination, exports to China, the United States and the European Union rose 22.9per cent, 29. (Reporting by Joori Roh; Editing by Himani Sarkar) Source: Reuters. "At the conclusion of the operation, USS Benfold exited the excessive claim and continued operations in the South China Sea," 7th Fleet spokesman Mark Langford said.4per cent and 33.9per cent, respectively. But an upsurge in COVID-19 cases, the waning effects of pandemic-related stimulus and an economic slowdown in China, the country's largest trade and investment partner, will weigh heavily on the economy this year and next. The South China Sea has become one of many flashpoints in the testy relationship between China and the United States, with Washington rejecting what it calls unlawful territorial claims by Beijing.

"Exports have continued to be a pillar of strength, but are likely to provide a smaller boost to growth going forward. The ongoing slowdown in China poses another headwind," wrote Krystal Tan, an economist at ANZ in Singapore. A separate Reuters poll published a week ago showed growth averaging 3. (Reporting by Beijing newsroom; Writing by Ben Blanchard; Editing by Himani Sarkar and Kenneth Maxwell) TRENDING.9per cent in 2021. It was then expected to ease to 2.

9per cent in 2022 and 2.5per cent in 2023. (Reporting by Vivek Mishra; Polling by Devayani Sathyan and Tushar Goenka in BENGALURU and Jihoon Lee in SEOUL; Editing by Alex Richardson) Source: Reuters .