South Korea's economy slips in Q2

Source: Reuters
© Scanpix/AP
Asia's fourth largest economy presumably experienced its weakest growth in the second quarter of the year since the beginning of 2013. The economy gained only 0.7% from April to June. South Korea's economy gained from a boost in the global economy, whereas domestic demand fell due to the ferry sinking in April. The BoK believes the economy will accelerate in the third quarter of 2014.

 

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