South Korea's Economy Faces Growing Downside Risks Amid US Trade Tensions
South Korea's economy is navigating a challenging landscape, with increasing downside risks emerging due to the ongoing US tariff woes. The delayed recovery in domestic demand is further exacerbating the situation, according to the finance ministry. Since January, the ministry has consistently warned of rising economic downside risks, citing a slowdown in export growth and domestic demand. As the global trade landscape continues to evolve, the ministry's assessment highlights the need for careful monitoring of key economic indicators, including export trends and consumer spending. With the US trade tensions showing no signs of abating, the South Korean economy remains vulnerable to external shocks, making it essential to implement targeted policies to mitigate these risks and promote sustainable economic growth. Key factors, such as trade policy and economic forecasting, will play a crucial role in shaping the country's economic trajectory. By staying ahead of the curve and adapting to changing market conditions, South Korea can work towards minimizing the impact of downside risks and fostering a more resilient economy.
