In the media | 11 Apr 2023
CNBC: Interest rate cuts in South Korea would be a ‘premature’ move for now, economist says
Sung Eun Jung, Lead Economist at Oxford Economics joins CNBC and says “an extended pause in the rate cycle seems to be the most likely outcome.”
Watch the full interview below:
To download our latest reports for APAC, please check Resource Hub – Oxford Economics.
Tags:
You may be interested in
Post
Effects of higher US tariffs and responses from ASEAN
The 'Liberation Day' tariffs announced by US President Trump have been postponed. But they will have significant consequences for ASEAN if they are eventually implemented. We doubt ASEAN supply chains can adjust quickly.
Find Out More
Post
25% auto tariffs especially painful in Japan and South Korea
US tariffs of 25% on all automobile and auto parts will weigh heavily on the Japanese and South Korean automotive sectors. A GTAP analysis suggests Japanese and South Korean automotive production will each shrink by approximately 7%. The impact is larger than suggested by bilateral trade data, because vehicles assembled in other countries before being shipped to the US will also be affected, dampening domestic auto parts production.
Find Out More
Post
‘Liberation Day’ 24% tariff will limit Japan’s growth
The 'Liberation Day' tariffs, together with separately announced higher tariffs on auto imports to the US, will lead us to cut our growth forecast for Japan. The direct impact of the tariffs will end the modest growth we projected in March, and we now think the economy will barely grow in 2025-2026. This initial estimate does not consider the indirect impact from high trade policy uncertainty and retaliation from other economies.
Find Out More