South Korea GDP Jumps 1.3% In Q1

South Korea's gross home merchandise expanded a seasonally adjusted 1.3 percent connected 4th successful the archetypal 3 months of 2024, the Bank of Korea said connected Thursday.

That bushed forecasts for a summation of 0.6 percent, which would person been unchanged from the erstwhile quarter.

Real gross home income (GDI) accrued by 2.5 percent compared to the erstwhile quarter.

On a yearly basis, GDP was up 3.4 percent - again topping expectations for an summation of 2.4 percent and accelerating from 2.2 percent successful the 3 months prior.

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