<p>
Data from South Korea: </p><p>Q4 2022 GDP s/adj -0.4% q/q (vs. expected -0.3%)</p><ul><li>first contraction for tow-and-half years, post-pandemic spending slowing and global trade fell away the reasoning cite</li></ul><p>Q4 2022 GDP +1.4%
y/y (vs. expected +1.5%, prior +3.1%)</p><p>Q4 2022 private
consumption s/adj -0.4% q/q</p><p>Q4 2022 construction
investment s/adj +0.7% q/q</p><p>Q4 2022 facility
investment s/adj +2.3% q/q</p><p>Q4 2022 exports
s/adj -5.8% q/q</p><p>Q4 2022 imports
s/adj -4.6% q/q</p><p>2022 GDP +2.6% y/y
(vs +4.1% in 2021)</p><p>–</p><p>South Korea’s fin min says the government will take further steps to help ease the softness in the property sector</p><ul><li>will spend in the budget to support growth in the economy</li><li>Q1 2023 likely to return to economic growth</li></ul>
This article was written by Eamonn Sheridan at www.forexlive.com.
