Thursday Jan 02, 2025
South Korea’s Economic Forecast Slashed Amid Global Uncertainties
Explore South Korea's revised economic growth forecast for 2025, now at 1.8%, as the nation grapples with weak consumption, export challenges, and political uncertainties. Discover how global factors, including potential impacts from Donald Trump's tariff plans, are influencing the semiconductor sector and the broader economy. Learn about the government's strategic response with economic stimuli and potential interest rate cuts, offering insights into the shifting dynamics of one of Asia's key economies and its implications for global markets.
Sources:
https://www.kaohooninternational.com/economics/550334
https://www.governing.com/magazine/foundation-money-is-changing-the-economic-course-of-cities
https://inshorts.com/en/news/ai-s-economics--why-marginal-costs-are-key-for-businesses-1735667579548
https://www.yahoo.com/news/m/8cfbaeb3-78ed-3cc1-a326-0e8f40ff3ddc/china-manufacturing-activity.html
Outline:
(00:00:00) Introduction
(00:00:41) South Korea Downgrades 2025 Economic Growth to 1.8%
(00:04:06) Foundation Money Is Changing the Economic Course of Cities
(00:07:09) AI’s economics: Why marginal costs are key for businesses
(00:09:48) China Manufacturing Activity Gauge Signals Continued Expansion