BlockBeats News, July 20th - Moody's Analytics stated in a report that South Korea's economic growth in the second quarter may slow down from 1.8% in the first quarter to 0.9%. Due to the boom in the AI-driven semiconductor industry, exports (especially semiconductor exports) will once again play a major role.
It is expected that domestic demand in South Korea will remain weak, with only slight improvement in consumption. High energy costs have intensified inflationary pressures, and government measures can only partially alleviate them. The initial estimate of South Korea's GDP for the second quarter will be released on Thursday.
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