InfoAnda - South Korean export growth seen halving in 2009

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: South Korean export growth seen halving in 2009 Reuters - 59 minutes ago SEOUL, Dec 1 - South Korea's export growth is expected to almost halve next year as a global recession takes a toll on overseas demand for goods from Asia's fourth-largest economy, a state agency said on Monday. The Korea Trade-Investment Promotion Agency said in a statement that its survey of 655 local and overseas companies forecast exports in 2009 would rise 10.3 percent, compared to a 19.7 percent gain expected this year. "A global economic recession is expected to cast a shadow on our exports," the agency said. The government expects exports to rise 15 percent next year after predicted growth of 17.2 in 2008. KOTRA's forecast came before November trade data due later in the day, which is expected to show the country's exports posted their biggest fall from a year earlier in nearly 7 years. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy South Korean export growth seen halving in 2009Reuters - 59 minutes ago Wall St. looks to extend rally; consumers in focusAP - Monday, December 1 Chinese leader says China losing competitive edgeAP - Monday, December 1 Bank Mizrahi Q3 profit dips, bad debt provision upReuters - Monday, December 1 Related Articles: Business Japan Hot Stocks-Morimoto, HondaReuters - 28 minutes ago Beijing Centergate says chairman probed in scandalReuters - 29 minutes ago Korea Zinc to cut output by 10 pct for 13 monthsReuters - 39 minutes ago Babcock & Brown expects bank announcement WednesdayReuters - 43 minutes ago Seoul shares open lower; steelmakers retreatReuters - 51 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Saudi king says 75 dollar oil price 'fair' World's oldest person dies at 115 years Love handles increase death risk: study Michael Jackson strikes 'amicable' deal with Arab sheikh At least 381 dead after Nigeria clashes: witness View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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