ICYMI - South Korea’s exports fell in December (implications for global growth)
Posting this data ICYMI over the break. South Korea is often cited as a canary in the coalmine for global growth.
December exports fell 1.2% y/y
- vs. expected +2.5%
- Exports to China -13.9%
The data highlights concerns that the US / China trade war is impacting on global, and Chinese, growth. Talks between the two though are, apparently, progressing well.
On the imports die in December, +0.9%
- +4% expected