South Korea's first quarter GDP rises 1.1% on quarter
  • 6 years ago
The South Korean economy rallied last quarter, boosted by healthy exports, investment, and government spending.
According to the Bank of Korea Thursday, the country's GDP for the January-to-March period rose one-point-one percent on-quarter, marking a rebound after contracting zero-point-two percent in the fourth quarter.
While strong exports led the return to expansion, growing over four percent, private consumption growth remained sluggish, edging up zero-point-six percent.
On a yearly basis, GDP was up two-point-eight percent.
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