InfoAnda - South Korea sees 2009 export growth at 8-yr low

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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 Korea sees 2009 export growth at 8-yr low Reuters - Friday, January 2 SEOUL, Jan 2 - South Korea said on Friday its exports in 2009 would probably grow only 1 percent, marking the slowest pace in eight years, as a deepening global recession cools demand for the country's export products. It follows a provisional 13.7 percent rise in 2008 and would be the lowest growth since exports fell 12.7 percent in 2001. Imports in 2009 are seen declining 4.7 percent on falling commodities prices and weak domestic demand, after a 22.0 percent rise in 2008, the Ministry of Knowledge Economy said. That would produce a trade surplus of $11.9 billion in 2009, compared with a $13.0 billion deficit in 2008, the ministry said. (Reporting by Cheon Jong-woo and Yoo Choonsik; Editing by Jonathan Hopfner) 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: Business Nokia CEO to favour profit over sales targets - FTReuters - 14 minutes ago TOPWRAP 1-China, India, Russia factories slash output, jobsReuters - 15 minutes ago Oil falls to below $42 a barrel in AsiaAP - 22 minutes ago CORRECTED - CORRECTED-Malaysian stocks pre-open session hit by technical gliReuters - 32 minutes ago Russian December oil exports rise 18 pct m/mReuters - 50 minutes ago Most Popular – Business Viewed Rare Bugatti untouched for 50 years could fetch millions: report NASA describes final moments of Columbia tragedy Hamas defiant as Israel rejects Gaza truce Actress Jennifer Aniston appears naked in GQ magazine Japanese tourist spends 3 months in Mexico City airport View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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