Part 6/9:
Turning our attention to Asia, South Korea's economy has faced contraction in the first quarter of 2025, primarily influenced by political instability alongside escalating tariffs from the U.S. According to data from the Bank of Korea, GDP fell by 0.2% quarter-on-quarter and year-on-year. This decline reflects a synthesis of domestic woes, including a dip in consumer spending and investment, exacerbated by external pressures from U.S. trade measures.