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South Korea's growth cooled in Q2 - Taipei Times

South Korea's growth cooled in Q2 - Taipei Times
taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.

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S. Korea's economy grows 1.6% in Q1

S. Korea’s economy grows 1.6% in Q1
Apr 28, 2021, 07:53 am
Park Yang-su, head of the economics statistics department at the Bank of Korea explains a graph of South Korea’s GDP growth in a press briefing on April 27, 2021./ Source: Bank of Korea
AsiaToday reporters Moon Noo-ri
South Korea’s first quarter GDP growth was up 1.6 percent from the previous quarter, springing back to pre-pandemic levels. The growth is higher than expected. Considering the current trend, the growth could reach around the mid-three percent level this year.
The Bank of Korea announced Tuesday the country’s real gross domestic product (GDP) grew 1.6 percent in the first quarter from the previous quarter. The central bank had said that if the reading posts more than 1.3 percent in the first quarter, the economy is thought to have recovered to the level seen in the fourth quarter of 2019, before the pandemic. The growth rate confirmed by the central bank is higher than previously f ....

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