South Korea’s economy grows faster than expected in second quarter
2023-07-25 - Scroll down for original article
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South Korea’s economy grew at a faster-than-expected pace in the second quarter, remaining on track for recovery after avoiding a technical recession in the previous quarter. Gross domestic product in Asia’s fourth-largest economy grew 0.6% on-quarter during the April-June period following a 0.3% increase in the first quarter, preliminary Bank of Korea data showed Tuesday. In the final quarter of last year, the economy had contracted 0.3% on quarter.