SEOUL: South Korea's economic growth slowed more than expected in the third quarter, and though exports showed some signs of recovery the overall outlook was clouded by a domestic spending slump and intensifying global trade frictions.
The trade-reliant economy has been among those worst-hit by cooling global demand as a prolonged U.S.-China tariff war disrupted world supply chains in a blow to business confidence and investment. A months-long trade spat with Japan has also added to strains on Korean exporters.
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