Slower expansion: Employees work at a ginseng factory in Wonju. South Korea’s GDP rose 0.3% in the July-to-September period, down from 0.8% in the second quarter and just half the 0.6% forecast by economists. — Bloomberg
SEOUL: South Korea’s central bank played down a virus-induced slowdown in growth, saying the economy’s recovery remains on course, potentially signalling its plans to push ahead with an interest-rate increase.
Gross domestic product (GDP) rose 0.3% in the July-to-September period, down from 0.8% in the second quarter and just half the 0.6% forecast by economists, data from the Bank of Korea (BoK) showed yesterday.
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