did South Koreas Exports Increase By Least in 13 Months?”
Nov. 3 (Bloomberg) — South Korea’s exports rose at the slowest pace in 13 months in October as shipments to China fell for the first time since 2002, adding to concern the nation is headed for its first recession in a decade. Exports, which make up more than half of gross domestic product, increased 10 percent from a year earlier, the Ministry of Knowledge Economy said in Gwacheon today. That compares with September’s 28.2 percent gain and the 12.5 percent median estimate of 13 economists surveyed by Bloomberg News.
And here’s the full story. South Korea’s Exports Increase By Least in 13 Months (Update3) By William Sim Nov. 3 (Bloomberg) — South Korea’s exports rose at the slowest pace in 13 months in October as shipments to China fell for the first time since 2002, adding to concern the nation is headed for its first recession in a decade. Exports, which make up more than half of gross domestic product, increased 10 percent from a year earlier, the Ministry of Knowledge Economy said in Gwacheon today. That compares with September’s 28.2 percent gain and the 12.5 percent median estimate of 13 economists surveyed by Bloomberg News. Emerging Asian economies that account for one-fifth of world growth are being dragged down as markets in the U.S., Japan and Europe contract, raising the likelihood of a global recession. South Korea unveiled a 14 trillion won ($10.8 billion) spending package today as the government steps up efforts to tackle the worst crisis since the nation needed a bailout by the Int
