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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessBoK Growth Forecast Could Be At Risk
GDP data from South Korea showed the economic expansion slowed more than expected in Q2, printing 0.7% Q/Q against estimates of 0.8% and 5.9% Y/Y versus consensus 6.0%.
- A slower pace of exports and weaker investments were said to be a drag on the figure, further slowdown is expected in Q3 as South Korea deals with the fourth wave of coronavirus with cases at a record high and restrictions tightened across the country. At the latest BoK meeting the Central Bank were upbeat on growth and maintained the May forecast for a growth rate of 4% this year. One hope for policy makers is the stimulative effect of a KRW 34.9tn stimulus package passed last week.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.