New Market Report Now Available: South Korea Food & Drink Report Q2 2013
Although South Korea is likely to benefit from an uptick in the regional economic cycle, stemming particularly from China, we do not expect this momentum to last into H213. Consequently, we expect to see consensus expectations for 2013 (currently 3.4%) will eventually start to move towards our 3.0% target as the year unfolds. Furthermore, we believe that the country's deleveraging cycle is still in its nascent stages.
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