South Korea's third-quarter economic expansion of 0.9% manifests weakness in Asian and American economies
Peter Oberois
Oct. 24, 2006

Asia’s third largest economy grew at 0.9% in the third quarter, 60% of the growth is attributable to increased business investment and construction. The consumer spending and export was a drag.

The $788 billion economy expanded 4.6 percent from last year. It is the slowest growth manifested. Economic expansion in China can be correlated from the growth of the South Korean economy to get an accurate picture of the manufacturing sector in China. It says Chinese economy is getting weaker – especially the manufacturing sector.

The report from Bank of Korea also shows extreme weakness in export. That shows that American imports are weaker. During every recession Korean exports gets hit first. It may be signaling a slowdown in US. It can also a cyclical adjustment factor related to inventory readjustment within Korean exporters.

South Korea's third-quarter economic expansion of 0.9% manifests weakness in Asian and American economies
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Asia’s third largest economy grew at 0.9% in the third quarter, 60% of the growth is attributable to increased business investment and construction. The consumer spending and export was a drag.
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