Pearls of witticism from 'Bo the Blogger: Kushibo's Korea blog... Kushibo-e Kibun...
Now with Less kimchi, more nunchi. Random thoughts and commentary (and indiscernibly opaque humor) about selected social, political, economic, and health-related issues of the day affecting "foreans," Koreans, Korea and East Asia, along with the US, especially Hawaii, Orange County and the rest of California, plus anything else that is deemed worthy of discussion. Forza Corea!
1) Three straight positive GDP quarters are needed before you can call a recession of this magnitude dead.
2) Korea's economic recovery has not lead to increased consumer consumption thus items of Korean disposible income usage, i.e. tourism, are not in effect yet. Plus, the won is still weak, which also keeps Koreans from spending money overseas.
1) Three straight positive GDP quarters are needed before you can call a recession of this magnitude dead.
ReplyDelete2) Korea's economic recovery has not lead to increased consumer consumption thus items of Korean disposible income usage, i.e. tourism, are not in effect yet. Plus, the won is still weak, which also keeps Koreans from spending money overseas.