South Korean exports are likely to fall sharply in the current quarter, a government-run bank specialising in trade financing said on Wednesday, extending a year-long decline that has dragged on growth in Asia's fourth-largest economy.
A report by the research arm of the Export-Import Bank of Korea forecast that South Korea's exports would fall by around 9% during the October-December period from a year ago, after a 9.5% decline in the third quarter.
Shipments by the world's seventh-largest exporting country and a bellwether for global demand have collapsed this year, mainly as China's giant economy cools to the slowest pace in decades and as Europe struggles to lift-off.
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A report by the research arm of the Export-Import Bank of Korea forecast that South Korea's exports would fall by around 9% during the October-December period from a year ago, after a 9.5% decline in the third quarter.
Shipments by the world's seventh-largest exporting country and a bellwether for global demand have collapsed this year, mainly as China's giant economy cools to the slowest pace in decades and as Europe struggles to lift-off.
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