South Korea Food & Drink Report Q3 2012 - New Market Report Now Available
Domestic demand in South Korea in the short term is likely to be impaired by the slowdown in economic activity, as the unemployment rate continues to rise and high household debt weighs on consumption spending. We therefore expect South Korea's real GDP growth to slow to a below-consensus 1.9% in 2012. The outlook is more positive in the longer term due to healthy population growth and rising incomes.
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