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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Germans Are Voting. Here’s What to Watch For.
Germans vote in a snap election as Chancellor Scholz's government collapses, with Friedrich Merz's Christian Democrats leading polls. The far-right AfD is expected to place second, while small parties like Die Linke and the Free Democratic Party aim to clear the five percent threshold. The "firewall" against extremist parties will be tested, with concerns over the AfD's potential impact on German politics and the stability of future coalitions. Full Article
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