South Korea GDP Rises 0.1% In Q4

RTTNews | 220 dni temu
South Korea GDP Rises 0.1% In Q4

(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the fourth quarter of 2024, the Bank of Korea said on Thursday.

That was unchanged from the three months prior, although it missed expectations for an increase of 0.2 percent.

On an annualized basis, GDP was up 1.2 percent - missing forecasts for 1.4 percent and slowing from 1.5 percent in the third quarter.

For all of 2024, GDP was up 2.0 percent - up from 1.4 percent in the previous year.

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Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook

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The Bank of Korea left its interest rate unchanged on Thursday as economic growth improved moderately despite high uncertainty surrounding the outlook. The Monetary Policy Board decided to hold the Base Rate at 2.50 percent. The central bank had previously lowered the benchmark rate by a quarter-point each in May and February.
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