ZCZC
BCN-45
S.KOREA-ECONOMY-GDP
S.Korea’s real GDP grows 0.7 pct in Q2 on quarter-over-quarter basis
SEOUL, July 26, 2018 (BSS/Xinhua) – South Korea’s real gross domestic
product (GDP) grew 0.7 percent in the second quarter from the previous
quarter, central bank data showed Thursday.
Real GDP, adjusted for inflation, amounted to 398.34 trillion won (355.8
billion U.S. dollars) in the April-June quarter, up 0.7 percent from the
previous three-month period, according to the Bank of Korea (BOK).
It was roughly in line with market expectations ranging from a growth of
0.7 percent to 0.8 percent. The economic growth declined in the fourth
quarter of last year, before expanding 1 percent in the first quarter of this
year.
From a year earlier, the real GDP gained 2.9 percent in the second
quarter, which was in line with the BOK’s growth forecast for this year.
BSS/XINHUA/HR/1455