Fitch closely monitoring South Korea due to geopolitical challenges, potential economic slowdown

From Yahoo Finance: 2025-04-24 02:07:00

Fitch closely monitoring South Korea amid U.S.-China trade war. Geopolitical challenges pose risks. China’s credit rating downgraded by Fitch due to weakened public finances. U.S. and China raise tariffs, impacting South Korea. Trade talks with U.S. delegation amidst political crisis. South Korea’s economy contracts unexpectedly, potential for interest rate cuts. Fitch sees economic growth at 1.0%, downside risks. Public finances not a strength, room for fiscal support.

Read more: Fitch watching ‘quite closely’ how South Korea manages geopolitical challenges