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.
The data strengthens the case for further rate cuts, with the Bank of Korea expected to ease policy as soon as May.
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.Hence then, the article about icymi south korea q1 gdp unexpectedly contracts boosting rate cut expectations was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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