🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

South Korea's Q2 GDP growth revised up to 2.6 pct

Published 09/02/2009, 07:03 PM
Updated 09/02/2009, 07:06 PM

(For a full table, double-click [ID:nSEO166399])

SEOUL, Sept 3 (Reuters) - South Korea's economy expanded by a seasonally adjusted 2.6 percent in the second quarter from the previous quarter, the fastest rate in 5-½ years, revised figures from the central bank showed on Thursday.

That compared with a previous estimate of a 2.3 percent rise in gross domestic product for the April-June period reported on July 24 and follows a revised 0.1 percent gain in the first quarter and a 5.1 percent contraction in the fourth quarter of 2008.

The Bank of Korea's revised data showed Asia's fourth-largest economy shrank by 2.2 percent in the second quarter from a year earlier, compared with the previous estimate of a 2.5 percent fall.

The latest data is still considered provisional. (Reporting by Seo Eun-kyung; Editing by Jonathan Hopfner)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.