South Korea GDP Slows for Second Quarter

The transcript discusses the economic slowdown in South Korea, highlighting a second consecutive quarter of reduced growth. Key factors include declining exports and reduced consumer spending. The central question is how the Bank of Korea will respond, with potential interest rate cuts being considered. Despite the slowdown, government officials remain optimistic, citing positive signs in factory output and a potential improvement in the second half of the year. However, many economists surveyed by Bloomberg anticipate at least one rate cut this year, showing less optimism than government officials.

What positive signs are mentioned regarding the economic expansion in the current quarter?

How did the factory output and exports change in February according to the text?