South Korea’s GDP contraction underscored by U.S. tariffs has drawn fresh attention after President Trump both launched his toughest trade measures yet and quickly signaled they would be pared back. Businesses, markets and international partners are left weighing the implications… Read More ›
Day: April 24, 2025
South Korea’s Economy Stumbles as Q1 GDP Contracts for First Time in Four Years
South Korea’s economy entered a rare downturn in the first quarter of 2025, with gross domestic product slipping 0.1% year-on-year—its first annual contraction since late 2020. The outcome marked a stark reversal from the 1.2% growth recorded in the closing… Read More ›