On Tuesday, the Bank of Korea will announce the country's first quarter GDP for this year.
If the figure hovers around one.three percent, according to data from the central bank, the Korean economy can be seen to have recovered to the pre-pandemic level.
Korea saw its economy contract one.three percent in the first quarter of 2020 largely due to the economic fallout of COVID-19, but ended up expanding its economy by one.two percent in the fourth quarter of last year.
In the U.S., the Federal Open Market Committee will meet from Tuesday to Wednesday local time, mainly to discuss the federal funds rate.
Market watchers largely expect the Fed to keep its accommodative policy, and to once more state that the central bank will let inflation rise above its two percent target for the time being, before raising rates.
When the March FOMC meeting took place amid the benchmark 10-year Treasury yield reaching its highest level in more than a year, Jerome Powell said the Fed will let inflation run hot while focusing on maximizing employment.
The Fed has maintained its target range for the rate at zero to a quarter percent nine straight times since March last year.
The FOMC holds eight regularly scheduled meetings during the year, and its next meeting is on June 15th.
On Wednesday, Statistics Korea will release the country's population data for February this year.
January data showed the number of births fell six.three percent compared to the same period last year.
That is the lowest since monthly records were first compiled in 1981.
Moreover, the natural population decline, meaning the total number of deaths outnumbered that of births, had continued for 15 straight months as of January this year.
A natural fall in population is largely expected to speed up as the number of marriages for January plunged nearly 18 percent on year.
On Thursday, the U.S. Department of Commerce will announce the country's first quarter GDP for this year.
The U.S. economy, amid the COVID-19 pandemic, contracted at an annual rate of five percent in the first quarter of last year, but posted an expansion of four.three percent in the fourth quarter, to show signs of recovery.
SEO Eunkyung, Arirang News.