Improving domestic demand props up economy, offsets faltering exports
May 10, 2016
Korea's domestic demand seems to support the entire economy despite faltering exports stemming from weakening global demand, a government report showed Tuesday."Domestic demand, particularly private consumption, has been getting better recently, although exports have been on the decline," the finance ministry said in its monthly economy assessment report.The report is based on the latest economic indicators on such key factors as output, exports, consumption and corporate investment that could p