23.04.201416:07:00UTC+00South Korea’s Economy Likely to Grow at 3.5-4.0% in 2014-15

Quotes from Capital Economics:

- Provisional Q1 GDP data for Korea is due on Thursday (00.00 GMT). Korea's economy has experienced a steady recovery over the past year or so, with GDP growth accelerating in y/y terms for the third consecutive quarter in Q4. We think the recovery continued in Q1.

- Monthly retail sales and industrial production data have been disappointing, but export performance has been encouraging. Although high levels of household debt are likely to hold back private consumption, exports should gain momentum in line with an expected recovery in the global economy.

- We forecast 3.5-4.0% growth in 2014-15.