Korea – export recovery, domestic weakness
Recent data suggest an unchanged macro story: a slow moderation in inflation and a weak domestic economy, but export and property recoveries. The first two dynamics point to an interest rate cut, but the second two suggest that still isn't imminent.
![Korea – export recovery, domestic weakness](/content/images/size/w2000/2024/07/Korea--GDP--YoY-chg-by-expenditure-contribution--ppts-1.png)