The world's economic 'canary in the coal mine' is stuck between a rock and a hard place

Wikimedia Commons The world's economic "canary in the coal mine" is stuck. South Korean exports, nicknamed "the world's economic canary in the coal mine," have struggled with 15 consecutive months of drops. And they're also facing two major long-term problems: China's rise in industrial sophistication and increasing labor costs combined with falling export prices. In a recent note to clients, Deutsche Bank senior economist Juliana Lee outlined how these two "existential threats" have squeezed...