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VIEW: Faltering Growth Engines

BOK

In lieu of today’s GDP data ANZ note that “the near-term growth outlook remains challenging amid the global chip downcycle and a weak property market. This weak growth backdrop has started to prompt government policy action, such as eased regulations for home buyers and plans to raise tax incentives for businesses that invest in strategic industries. It also supports the case for an extended pause by the Bank of Korea. However, if growth continues to slow through Q3, it will raise the odds of an earlier-than-expected rate cut.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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