, Korea

Check out this graph showing Korea's 36-year low share of investment

Plus a record-high share of exports in GDP.

According to Nomura, the Bank of Korea revised its Q3 GDP estimate down to 0.1% (sa) q-o-q from the advanced estimate of 0.2%.

Here's more from Nomura:

What we found most interesting was the record-high share of exports in GDP (57.3% for the first nine months of 2012) and the 36-year low share of investment (26.5%).

The share of private consumption in GDP rose to 53.9% in 2012 from 52.9% in 2011, but was still below the share of exports.

Regardless of who wins the presidential election on 19 December, we do not expect the Korean economy to rebalance away from exports and toward domestic demand due to structural factors (i.e., Korea‟s small population limits its domestic demand potential, KRW is not a reserve currency and Korea‟s urbanization rate reaches over 80%).

We believe that exports will continue to be the key growth driver for Korea

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