South Korea’s inflation rate rose to 1.5% year on year in November, up from a 45-month low in October, due to a weakening Korean won and slowing exports. The central bank unexpectedly cut rates to 3% to mitigate economic risks, with GDP narrowly avoiding a recession in the third quarter. The Bank of Korea expects stable prices ahead, with lowered inflation outlooks for 2024 and 2025, citing factors like exchange rates and global oil prices impacting future inflation trends.
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Pope asks for prayers in message from hospital
Pope Francis has asked for prayers as he continues treatment in hospital for double pneumonia, unable to deliver the traditional Angelus prayer in person. The 88-year-old's condition remains critical, with doctors noting a low platelet count and the need for blood transfusions. The Pope also called for prayers for peace in conflict-ridden areas, highlighting the third anniversary of the war in Ukraine. Full Article
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