`South Korean exports to grow’April 10th, 2012 - 2:44 pm ICT by IANS
Seoul, April 10 (IANS) South Korea’s exports were estimated to grow 3 percent in the second quarter due to expected solid demand from advanced economies, a state-run trade bank said Tuesday.
The country’s on-year export growth was forecast to reach around 3 percent during the April-June period as the economic recovery in developed nations was expected to outweigh underperformance in emerging economies, the state-run Export-Import Bank of Korea (Eximbank) said in a statement.
Despite the expected slowdown in emerging countries, the US economy continued to recover amid the Japanese economy showing signs of recovering from the deep recession, the Eximbank said, adding that South Korea’s semiconductor industry recently signaled recovery from the previous downturn, reported Xinhua.
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- South Korea's trade surplus rebounds to $4.29 bn - Nov 01, 2011
- South Korea's IT exports contract - Jul 10, 2012
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Tags: developed nations, downturn, economic recovery, emerging economies, eximbank, export import bank, japanese economy, korean exports, recession, second quarter, semiconductor industry, seoul, signs, slowdown, south korea, south korean, xinhua