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South Korea GDP Climbs 1.3% In Q1
(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted 1.3 percent on quarter in the first quarter of 2024, the Bank of Korea said in Wednesday's advance estimate.
That was in line with forecast and up from 0.6 percent in the previous three months.
Real gross national income (real GNI) increased by 2.4 percent on quarter in Q1.
On an annualized basis, GDP climbed 3.3 percent - just shy of expectations for 3.4 percent but still up from 2.2 percent in the three months prior.
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Export prices in South Korea were up a seasonally adjusted 0.7 percent on month in August, the Bank of Korea said on Tuesday - after adding 0.8 percent in July.
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