“UOB Averts Technical Recession: Navigates Economic Storm with Skill and Finesse!”
In the first quarter of 2023, South Korea’s economy saw an increase in GDP growth, in line with expectations, at 0.8% year-on-year and 0.3% quarter-on-quarter seasonally adjusted. While avoiding a technical recession, the boost in GDP is attributed to stronger private consumption as well as goods exports, primarily from motor vehicle shipments. However, electronics remained […]