First-quarter gross domestic product figures were released last week, but there was no major market reaction as the results were no surprise.
Although annualized growth of 5.7 percent is impressive compared with the previous quarter, the figures reaffirmed the nation's economy was driven by exports.
While domestic demand showed growth after falling three straight quarters, we still can't be too optimistic. Consumption is hanging on despite job and income uncertainties, but capital investment remains sluggish.
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