OECD: South Korean economy will slow down in the near future

The Organization for Economic Cooperation and Development (OECD), in a weekend report on the South Korean economy, underscored the headwinds to the South’s economic growth in the coming months.

Key Highlights:

OECD Composite leading indicator (CLI) for Korea fell 0.3 points from 99.2 in June.

CLI used as a warning sign.

OECD says it indicates the Korean economy will worsen in six to nine months’ time, citing declining domestic consumption and shrinking investment.