S. Korea's GDP grows 0.4% in Q3
- 5 years ago
Let's start with some news just out...
South Korea's economy grew point-four percent on-quarter in the July to September period.
This is lower than the one percent growth tallied in the second quarter.
The Bank of Korea says private consumption grew point-one percent in the third quarter, down from a point-seven percent rise in the second quarter.
Government spending grew at a slower pace of one-point-two percent and construction investment fell.
The central bank says the country would need to record one percent growth in the fourth quarter to reach two percent growth overall in 2019.
South Korea's economy grew point-four percent on-quarter in the July to September period.
This is lower than the one percent growth tallied in the second quarter.
The Bank of Korea says private consumption grew point-one percent in the third quarter, down from a point-seven percent rise in the second quarter.
Government spending grew at a slower pace of one-point-two percent and construction investment fell.
The central bank says the country would need to record one percent growth in the fourth quarter to reach two percent growth overall in 2019.