Korea's economy struggles in 0.2% economic growth

But GDP growth will pick up.

According to DBS, the economy grew 0.2% QoQ sa in 3Q, a further slowdown from 0.3% in 2Q. It believes that the short-term economic cycle has bottomed in 3Q.

Here's more from DBS:

GDP growth will pick up on the QoQ basis in 4Q. The macro data due this week will likely support our view. September’s industrial production is expected to rebound to 2% MoM (sa), ending the contraction in the preceding three months.

The KAMA statistics revealed that the automobile sector has already recouped about 90% of the output loss incurred in August during the worker strikes.

Meanwhile, on the demand side, the external trade data due this week will likely show that export growth has risen to 0.5% YoY in October, modestly up from -2.0% in the prior month.

Export demand from China increased strongly in September (especially electronics). Besides the substitute effects caused by China-Japan disputes, we think China’s fundamental demand has also started to improve on the back of selective policy easing.

Barring a renewed deterioration in G3 demand, the sequential rise in Korea’s exports should be sustained. A more notable improvement in the YoY trade numbers is expected to emerge in 1H13.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia