South Korea Food & Drink Report Q1 2013: New Research Report Available at Fast Market Research
Despite widespread calls for a bottoming out in South Korea's economy, we believe the worst is yet to come. Indeed, forward-looking macro indicators suggest to us that economic weakness is likely to persist well into 2013. We expect real GDP growth to come in at 3.0% in 2013, which remains below consensus' expectations of 3.4%. The domestic property market is likely to remain weak amid the bleak economic landscape. A supply overhang and the country's perennial household debt situation are...
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