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Gregory Daco: South Korea GDP grows faster than expected amid AI chip boom

Gregory Daco: South Korea GDP grows faster than expected amid AI chip boom
South Korea Q3 chip surge lifts growth

South Korea's economy expanded at a faster pace than anticipated in the third quarter as strong AI-driven chip exports and investment contributed to growth, while consumption shrank.

Gregory Daco reported that this uneven expansion may make the path forward for further interest-rate hikes more complex.

Gregory Daco has recently highlighted that pending sales of existing U.S. homes fell to a record low in September as high mortgage rates weighed on buyers. He has also discussed how shifts in sovereign debt supply and demand are influencing financial markets. These factors continue to shape the policy choices facing central banks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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