SEOUL: South Korea’s economic growth halved in the first quarter from the previous three-month period as poor exports and stumbling capital investment cast doubts over policymakers’ more optimistic expectations for a near-term recovery.
First-quarter growth slowed to 0.4% in January-March over the previous quarter, the Bank of Korea (BoK) estimated yesterday, slightly below expectations and the weakest seen since the second quarter of last year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!