Illustrative image (Source: internet) Seoul(VNA) - The Republic of Korea’s economy is maintaining its modest rate ofexpansion in the context of stable exports and improved domestic consumption.
According to areport released by the Korea Development Institute (KDI), the country’s economycontinued to grow at a moderate pace owing to exports and consumption, but miningand manufacturing production remained stagnant. The improvement inproduction-related indicators is limited, it said.
The report,however, stressed external conditions stayed favourable and consumptionimproved, implying that a rapid slowdown in growth is highly unlikely.
In the first two months of 2018, the RoK’s industrial output grew 1.8 percent year-on-year,maintaining its recovery pace.
Meanwhile, retailsales recorded a 6.3-percent increase in February compared to the same periodlast year.
Investment poured intoproduction sectors in the country soared 9.7 percent in February, deceleratingfrom the 21.6 percent year-on-year expansion in January.
The country's exportsin March increased by 6 percent against the same period last year, the KDIadded.-VNA
VNA
