(Bloomberg) — South Korea’s exports, a closely watched bellwether for world trade, fell more than expected in November, dealing a blow to nascent optimism that a prolonged slump in global demand may be bottoming out.Exports dropped 14.3% from a year earlier in November for a sixth straight double-digit decline, data from the trade ministry showed Sunday. Economists surveyed by Bloomberg had expected a 9.7% fall. Preliminary figures had also offered hope of some respite in the export slide. Imports decreased 13%.The government was more upbeat on the outlook for next year, saying shipments hit bottom in October and will rebound …read more
Source:: Yahoo Finance
