South Korea had a current account surplus of $8.44 billion in August, the Bank of Korea said on Thursday - roughly in line with expectations and down from $8.79 billion in July.The goods account showed a $11.24 billion surplus, higher than the surplus of $9.18 billion in August of last year.The services account deficit was $2.11 billion, down from $2.33 billion one year before, in line with improv...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.