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20th May 2024 18:13China+Daily Monitor

  • Korean 20-day exports slowed sharply in May because of working-day effects.
  • The underlying trend is actually improving after adjustment. Chip shipments remain the major driver.
  • We expect no change at the upcoming BoK meeting but have pushed back our first rate cut to Q4.

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Keywords for: 22 May 2024 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence