The Bank of Korea and the Korean Chamber of Commerce and Industry on Wednesday co-hosted a seminar to explore the repercussions of the US-China rivalry on the Korean economy. Over 200 attendees from the business, academic and government sectors attended the seminar, including BOK Gov. Rhee Chang-yong, KCCI Chairman Chey Tae-won and Trade Minister Ahn Duk-geun. The seminar commenced with opening remarks from Chey. Dur.
S Korea s Q2 GDP growth hits decade high but risks loom reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
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SEOUL South Korea’s economy expanded at the fastest annual pace in a decade in the second quarter, thanks to a pick up in private consumption, though a resurgence of COVID-19 casts doubt over the outlook for growth for the rest of the year.
Data from the Bank of Korea on Tuesday showed gross domestic product (GDP) grew 0.7% in the second quarter, after rising 1.7% three months earlier and matching 0.7% growth tipped in a Reuters survey.
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South Korea’s second-quarter GDP growth hits decade high but risks loom
FILE PHOTO: People wearing masks walk at Myeongdong shopping district amid social distancing measures to avoid the spread of the coronavirus disease (COVID-19), in Seoul, South Korea, May 28, 2020. REUTERS/Kim Hong-Ji
July 27, 2021
By Cynthia Kim
SEOUL (Reuters) – South Korea’s economy expanded at the fastest annual pace in a decade in the second quarter, thanks to a pick up in private consumption, though a resurgence of COVID-19 casts doubt over the outlook for growth for the rest of the year.
Data from the Bank of Korea on Tuesday showed gross domestic product (GDP) grew 0.7% in the second quarter, after rising 1.7% three months earlier and matching 0.7% growth tipped in a Reuters survey.
Despite Delta variant, BOK remains positive for 4% growth koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.