BMI View: South Korea's trade will enjoy only sedate real growth in 2016, while in nominal terms it will
decline for a second year. However, the outlook from 2017 onwards is more positive, and this will support
growth in the freight transport sector. Over the longer t ..."
BMI View: We continue to expect weak trade dynamics in 2016 as the ongoing slowdown in the Chinese
economy as well as the strength of the Korean won relative to the Japanese yen will continue to weigh on
Korean exports, limiting growth in the freight transport sector. ..."
BMI View: Weak external demand as a result of slow growth in China will drag on domestic production
levels. Although low interest rates will result in cheaper auto loans, high household debt levels will drag on
domestic demand resulting in passenger vehicle sales grow ..."
BMI View: In the short term, we hold a bearish view on South Korea's freight sector as the moderate
recovery in the domestic economy will be insufficient to offset the external slowdown, resulting in weak
trade dynamics over 2016. Road freight will buck the trend, exp ..."
BMI View: Headwinds, in both the domestic and global economy, will continue to drag on total vehicle
sales in 2016 with passenger vehicles and commercial vehicles forecast to grow 1.5% and 2.4%
respectively. This in turn will constrain total vehicle sales which will g ..."
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BMI View: We expect to see moderate growth across the different freight modes in Korea in 2016. Road
freight will post the strongest growth across the freight modes, growing by 4.6%, as the uptick in consumer
spending will benefit this mode the most. Rail freight grow ..."
BMI View: Our forecasts for South Korea's two main ports anticipate positive growth in 2016, although
these figures will post a slight drop on our estimated figures for 2015. Box growth at the Port of Incheon
will be the annual outperformer, at 9.7% growth, although o ..."