South Korea posted a current account surplus of $10.76 billion in May, the Bank of Korea said on Wednesday - up from $1.91 billion in April.The goods account surplus increased to $6.37 billion, compared to $2.61 billion in May 2020.The services account deficit decreased to $0.56 billion, from $0.65 billion in May last year, owing to an improvement in the transport account.The primary income accoun...
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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.