Fed rate policy puts South Korea at risk

September 8, 2016

The South Korean economy is currently facing downside risks. It’s because the American Federal Reserve is all geared up towards raising interest rates, while Korea is busy with overhauling its shipping as well as shipbuilding industries, as the finance ministry reported on Thursday.

The ministry stressed in its monthly assessment of the South Korean economy that growth could be constrained by extensive strikes at carmakers.

Here we should stress that unionized workers at South Korea'sВ Hyundai MotorВ officially rejected a tentative wage deal the previous month, thus signaling more strikes as well as production losses at its biggest manufacturing base.

August export data revealed that early this month shipments would have performed much better had it not been for the car strikes.

Apart from that the ministry statement told domestic consumption was adjusting to the expiry of some positive government measures, including tax breaks.

Publication source
FBS information  FBS reviews

January 20, 2017
Cautious EURUSD Ahead of ECB Press Conference
USD, and the US government bond yields, surged last night following Fed president Janet Yellen’s speech to the Commonwealth Club in San Francisco...
January 19, 2017
Is equilibrium out of reach?
Let’s check what’s going on with Oil before turning our attention to the Russian Ruble. “Black gold” is forming a reversal pattern next to the key level of 52.10. The only matter is that this pattern is above the horizontal level, but the 52.10 level can potentially become the neckline of our pattern...
January 18, 2017
Trump Inauguration Market Outlook
Friday, January 20, 2017 will mark the historic inauguration of what promises to be a highly unconventional US presidential administration...

Larson&Holz IT Ltd Rating
FxPro Rating
OANDA Rating
FOREX.com Rating
Orbex Rating
FXCM Rating

Binary Brokerz Rating
OptionBit Rating
EZTrader Rating
TopOption Rating
First Binary Option Service Rating
OptionTrade Rating