South Korea Q2 GDP -0.2% q/q, unchanged from advanced estimate
FILE PHOTO: An apartment complex which is currently under construction is seen in Seoul, South Korea, August 30, 2016. Picture taken on August 30, 2016. REUTERS/Kim Hong-Ji/File Photo
SEOUL : South Korea's economy shrank 0.2 per cent in the second quarter, revised central bank data showed on Thursday, unchanged from its advance estimate issued in July.
It was the sharpest quarterly contraction since the fourth quarter of 2022 when the economy shrank by 0.5 per cent.
On an annual basis, gross domestic product was 2.3 per cent higher in the April-June quarter, weaker than the 3.3 per cent growth logged in the first quarter.
Source: Reuters
