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SEOUL- South Korea’s exports are expected to have expanded for a 10th straight month, a Reuters poll showed on Monday, supported by robust demand for key items, even as the resurgence in coronavirus weighed on business sentiment.
Outbound shipments in August were seen growing 35.7 percent from a year earlier, the median forecast in a poll of 14 economists showed, accelerating from a 29.6 percent expansion seen in July.
“Exports will be supported by strong imports from advanced economies, memory chip demand, and seasonal demand for certain key items, which will help cushion near-term headwinds from softer regional demand and coronavirus-related supply disruptions,” said Lloyd Chan of Oxford Economics.
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