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25.04.2024 01:13:27

South Korea GDP Jumps 1.3% In Q1

(RTTNews) - 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.