South Korea GDP Jumps 1.3% In Q1
South Korea’s gross domestic product expanded a seasonally adjusted 1.3 percent on quarter in the first three months of 2024, the Bank of Korea said on Thursday.
That beat forecasts for a gain of 0.6 percent, which would have been unchanged from the previous quarter.
Real gross domestic income (GDI) increased by 2.5 percent compared to the previous quarter.
On a yearly basis, GDP was up 3.4 percent – again topping expectations for an increase of 2.4 percent and accelerating from 2.2 percent in the three months prior.
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