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SEOUL, Aug 19 (Reuters) – South Korea’s finance ministry on Friday warned financial development might gradual on rising draw back dangers for exports.
“It’s regarding that financial development could gradual attributable to restricted export restoration going ahead, whereas excessive inflation strain continues and financial sentiment can also be partly affected amid worsening exterior circumstances,” the ministry mentioned in its newest month-to-month financial evaluation.
The ministry cited continued inflation strain globally, financial tightening in main nations, financial slowdown in the USA and China and the lengthening warfare in Ukraine as rising draw back dangers.
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Reporting by Jihoon Lee; Enhancing by Kenneth Maxwell
Our Requirements: The Thomson Reuters Belief Ideas.
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