South Korea, Indonesia and the Philippines yesterday set out pessimistic forecasts for 2009 exports, underscoring the continued gloom about economic prospects.
South Korea, Asia's fourth largest economy, said it expected exports to fall 13.5 per cent during the year, a sharp revision from a bullish rise of 1.1 per cent forecast in December.
Seoul also revised down export figures in March, saying shipments fell by 22 per cent and not the 21.2 per cent initially estimated.
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