Global Economic News

South Korea GDP Growth Fastest In 1 1/2 Years

South Korea's economy logged its fastest growth in one-and-a-half years in the third quarter, thanks to robust consumption and exports.

Gross domestic product grew 1.2 percent from a quarter ago, advance estimate from the Bank of Korea showed on Tuesday. This followed second quarter's 0.7 percent expansion.

Moreover, a similar pace of growth was last reported in the first quarter of 2024.

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by Renju Jaya

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