Q3 rebound masks inflation pressures, currency weakness, structural weaknesses
South Korea’s economy expanded by 1.3 percent in the third quarter, the fastest pace since late 2021. The rebound briefly stirred hopes that the country had begun to exit its long spell of sluggishness.
Yet a closer reading suggests something more modest. The economy can still respond when prompted, but its momentum remains narrow and the forces pulling against it are neither cyclical nor mild.
The headline numbers offer some reassurance.
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