South Korea GDP Slips 0.2% In Q2
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(RTTNews) - South Korea's gross domestic product unexpectedly contracted a seasonally adjusted 0.2 percent on quarter in the second quarter of 2024, the Bank of Korea said in Thursday's preliminary report.
That missed expectations for an increase of 0.1 percent and was down from 1.3 percent in the first quarter.
On an annualized basis, GDP was up 2.3 percent - again missing forecasts for 2.5 percent and slowing from 3.3 percent in the three months prior.
Real gross domestic income (GDI) shed 1.3 percent compared on quarter but climbed 4.4 percent on year.
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South Korea GDP Expands 0.1% On Quarter In Q3
South Korea's gross domestic product gained a seasonally adjusted 0.1 percent on quarter in the third quarter of 2024, the Bank of Korea said in Thursday's preliminary reading.
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South Korea GDP Rises 0.1% In Q3
South Korea's gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the third quarter of 2024, the Bank of Korea said in Thursday's preliminary reading.
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Bank Of Korea Cuts Key Rate For First Time In More Than 4 Years
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South Korea August Current Account Surplus $6.60 Billion
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South Korea Inflation Slows To 1.6% On Year In September
Overall consumer prices in South Korea were up 1.6 percent on year in September, Statistics Korea said on Wednesday.
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South Korea Has $6.66 Billion Trade Surplus
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South Korea Industrial Output Climbs 1.2% In August
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South Korea Consumer Confidence Index Eases In September
Consumer sentiment in South Korea was slightly softer in September, the Bank of Korea said on Wednesday, with a Composite Consumer Sentiment Index (CCSI) score of 100.0 - down from 100.8 in August.
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