SEOUL : South Korea's export growth is expected to slow sharply to a 20-month low in June, contributing to a record trade deficit, though the data will be dragged down by temporary factors, such as a trucking strike.
Such a rise would make June the 20th consecutive month to show annual growth but would also be the weakest in that series of expansions and fall far short of the 21.3 per cent gain seen in May. "Going forward, export growth is likely to slow down as external conditions deteriorate," said Lee Seung-hoon, chief economist at Meritz Securities. For the second half of 2022,"export growth will drop to high-single digit," he said.
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