South Korea saw its economy remain in a state of a downturn for the fifth consecutive month due to a continued slump in the manufacturing industry, the government report showed.
The Ministry of Economy and Finance said in its monthly report, called Green Book, that the South Korean economy continued to slow down mainly in exports and manufacturing amid slowing headline inflation.
The ministry maintained its pessimistic stance on the economy since February.
It noted that downside risks to the economy were somewhat eased on the back of a moderate recovery in domestic demand, an improved economic sentiment, and solid employment growth.—Xinhua
