Market Report, "South Korea Food & Drink Report Q3 2013", Published
Despite the recent uptick seen in some of South Korea's economic data, we are maintaining our relatively downbeat view of the economy. In light of the poor economic showing thus far, we have decided to revise our real GDP growth forecasts for both 2013 and 2014 down from 3.0% and 4.6% to 2.6% and 3.0% respectively. The domestic economy is unlikely to provide much supportive pressure, with the government doing little to address the country's mountain of household debt and,...
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