South Korea's Economy Faces Rising Headwinds In 2023
The South Korean economy slowed significantly during the second half of 2022, with GDP contracting by 0.4% quarter-on-quarter (q/q) in the fourth quarter of 2022.
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The South Korean economy slowed significantly during the second half of 2022, with GDP contracting by 0.4% quarter-on-quarter (q/q) in the fourth quarter of 2022.
The Singapore economy grew at a pace of 3.8% year-on-year in 2022, helped by the significant easing of pandemic-related restrictions.
The Singapore economy grew at a pace of 4.4% y/y in the second quarter of 2022, after growth of 3.8% y/y in the first quarter of 2022.
The latest S&P Global Electronics PMI survey shows that expansion in the electronics sector is continuing, albeit growth momentum has gradually moderated during the first half of 2022...
Despite the economic disruptions caused by the COVID-19 pandemic, Singapore has continued to attract strong foreign direct investment inflows.