To read further, please register free and login
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Market Update: South Korea GDP Revised Higher in Q1
South Koreas economy advanced 1.9 percent year-on-year in the first quarter of 2021, rebounding from a 1.1 percent contraction in the previous period and higher than a preliminary estimate of 1.9 percent. Private consumption rebounded (1.2 percent vs -6.6 percent in Q4) while government spending rose at the same pace as in the prior quarter (2.3 percent). Also, gross fixed capital formation expanded at a much faster rate (4.0 percent vs 1.3 percent). Net trade contributed positively to growth, as exports jumped 5.1 percent (from 2.3 percent in Q4) while imports increased 4.1 percent (from -1.3 percent in Q4). On a quarterly basis, Asia’s fourth-largest economy advanced 1.7 percent, following a revised 1.1 percent gain in the previous quarter. source: The Bank of Korea [/s2If]
Join Our Telegram Group