Nomura Raises South Korea 3Q GDP Growth Forecast to 4.0%
Nomura economist Jeong Woo Park expects South Korea’s GDP to have grown 1.6% quarter over quarter and 4.0% year over year in July–September, above his earlier forecasts of 0.1% quarter over quarter and 4.0% year over year.
South Korea's economy likely grew at a faster-than-expected pace in 3Q, Nomura's Jeong Woo Park says. The economist expects GDP to have expanded 1.6% from the previous quarter and 4.0% from a year earlier for the July-September period, sharply above his earlier forecasts of 0.1% on quarter growth a…