ICYMI - South Korea Q1 GDP unexpectedly contracts, boosting rate cut expectations ...Middle East

South Korea’s economy shrank 0.2% q/q in Q1

expected + 0.1%

Its first quarterly contraction since mid-2024 and missing forecasts for modest growth.

Exports fell 1.1% (were + 0.8% in Q4 2024)private consumption also weakened amid growing concerns over U.S. tariff impacts

Analysts now see the policy rate falling to 2.25% by Q3. Trump’s sweeping tariffs are seen as a key threat to the export-reliant economy.

This article was written by Eamonn Sheridan at www.forexlive.com.

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