Arab Today, arab today s korea economic growth
Last Updated : GMT 18:03:08
Arab Today, arab today
Arab Today, arab today

S. Korea economic growth

Arab Today, arab today

Arab Today, arab today S. Korea economic growth

Seoul - AFP

South Korea\'s economic growth slowed in the second quarter from three months earlier, the central bank said Wednesday, as export gains eased sharply due partly to global economic uncertainties. Asia\'s fourth-largest economy grew 0.8 percent quarter-on-quarter in April-June compared to a 1.3 percent expansion in January-March, according to an advance estimate from the Bank of Korea. Gross domestic product (GDP) rose 3.4 percent in the second quarter from a year earlier, slowing down from a 4.2 percent annual increase in January-March. \"Private consumption steadily increased and facilities investment rose. But growth in exports slowed while construction investment remained sluggish,\" the central bank said in a statement. Wednesday\'s figures showed that exports, which account for about half of GDP, rose 1.8 percent in the second quarter from the previous quarter, slowing from a 3.3 percent rise in January-March. The fall came amid growing global uncertainty sparked by the eurozone debt crisis and a possible US debt default. The second-quarter performance was slightly below the central bank\'s initial estimate early this month and the market\'s expectations. However the bank said growth is likely to pick up to 1.5 percent in both the third and fourth quarters, indicating the economy remains on a robust recovery track. \"Exports of tech products remained weak last quarter mainly because prices of flat panel and chips have not yet recovered,\" said Kim Young-Bae, director general of its economic statistics division. \"The pace of overseas shipments slowed down but as the level of exports remained sound overall, it would be hard to say that exports stay weak.\" Kim stuck by the bank\'s full-year growth forecast of 4.3 percent growth, while the finance ministry\'s prediction is 4.5 percent. GDP grew 6.2 percent in 2010, the fastest rate for eight years. \"The second quarter is the bottom. The strengthening won will help improve the trade terms, limit imported inflation and enhance consumers\' purchasing power,\" Shinhan Investment Corp economist Lee Sung-Kwon told Dow Jones Newswires. Park Sang-Hyun, a chief economist at Hi Investment and Securities, told Yonhap news agency the second-quarter growth figure was weaker than expected as export gains cooled. \"In the third quarter, the growth rate will be higher than the second-quarter one, but the pace is not likely to be steep given external uncertainty,\" said Park.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today s korea economic growth Arab Today, arab today s korea economic growth

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday