South Korea's Growth Slows as Virus Curbs Crimp Spending

The transcript discusses Korea's economic outlook amid COVID-19 and external factors. It highlights a muted economic forecast due to the pandemic's fourth wave, with expectations of recovery as vaccination rates rise. The Bank of Korea is likely to proceed with an interest rate hike despite growth concerns. China's economic slowdown poses risks to Korea's export-driven economy, but domestic consumption is expected to improve with government measures and high vaccination rates.

What factors contributed to the slower than expected economic growth in Korea?

In what ways is the Korean economy expected to recover by the fourth quarter?

What are the potential risks to Korea's GDP growth from external factors?

How has the vaccination rate in Korea impacted domestic consumption?

What measures is the Korean government implementing to support the economy?