AUGUSTA, Georgia (Reuters) - A defiant Tiger Woods refused to be put out to Augusta National pasture on Tuesday, insisting he was more focused on a sixth Masters Green Jacket than taking on the role of ceremonial starter or any other job that is not winning tournaments.
Uneven exports: A Hyundai electric vehicle on display in Seoul. South Korea’s foreign sales of EVs shrank 20% in March. — Bloomberg
The rebound in exports bodes well for Asia’s fourth-largest economy, as the government predicts the country’s economic growth will accelerate to 2.2% this year after having suffered growth of just 1.4% in 2023, which marked the worst showing in the country’s modern history, excluding crisis periods. In other words, exports this year have been driven by a few cyclical items while most other products such as petrochemicals and industrial machinery, which are directly related to the strength of the global economy, experienced weakening demand from abroad. In March, for instance, exports of eight out of the 15 major products declined.
As inflation refuses to come down quickly, consumers have increased their expectations for the future pace of price growth to 3.2% in the central bank’s March survey from 3% seen in both February and January.
Koreanexports Semiconductorsurge Shipsalessoar Growthforecast Globalslowdownimpact Domesticdemandslump Inflationchallenge Interestrateoutlook
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