S. Korea export growth slowing

SEOUL: South Korea’s exports are expected to have slowed in March, while consumer inflation likely held at a decade-high as China’s lockdown curbs and the Ukraine crisis weighed on supply chains and added to cost pressures, according to a Reuters poll.

Outbound shipments in March were seen increasing by 17.5% from a year earlier, according to the median forecast of 23 economists, while imports were expected to rise 27.8%.“We expect headline export growth to continue moderating amid a gradual downturn in global manufacturing,” said Kathleen Oh, Bank of America Securities economist.