Kim Jin-wook and Choi Joo, economists at Citigroup, said that heightened long-term political uncertainty over the impeachment of President Yoon Seok-yeol of South Korea could weaken overall economic confidence and discretionary spending.
They said the Bank of Korea was more likely to cut interest rates in January if the legislature failed to pass the 2025 national budget in December, adding that political developments could prompt more capital outflows and pose upside risks to the dollar against the won.
Citi: Yin Xiyue impeachment case may affect South Korea's economic confidence, national budget and exchange rate
2024-12-09 01:31:57
Citigroup group economist scientist Jin Jin-wook Choi Joo said around South Koreadesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
花旗：尹锡悦弹劾案或影响韩国经济信心、国家预算及汇率Next article：
今日恐慌与贪婪指数降至78，等级仍为极度贪婪
