Global Economic News

South Korea Q1 GDP Revised Up To 1.1% On Quarter

South Korea's gross domestic product expanded a seasonally adjusted annualized 1.1 percent on quarter in the first quarter of 2017, the Bank of Korea said in Friday's revision.

That's up from the April preliminary reading of 0.9 percent, and also up from the 0.5 percent gain in the previous three months.

On a yearly basis, GDP was bumped up to 2.9 percent from 2.7 percent in the preliminary reading. GDP expanded 2.4 percent on year in Q4.

Real gross national income rose 2.7 percent.

by RTTNews Staff Writer

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