Korea 1Q GDP growth accelerates; weak 2Q growth tipped

28-Apr-2012 Intellasia | WSJ | 7:05 AM Print This Post

South Korea’s economic growth accelerated at its fastest pace in a year in the January-March period on a quarterly basis, as solid industrial output, a pickup in private consumption and strong government spending offset softness in the construction and agricultural sectors.

Gross domestic product rose a seasonally adjusted 0.9 percent in the first quarter from the fourth quarter of 2011, when the economy grew 0.3 percent from the earlier quarter, the Bank of Korea said Thursday. That is the strongest pace since the first quarter of last year, when the economy grew 1.3 percent on quarter.



Category: Korea

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