Thu, 23 Jan 2014 08:08:03 GMT
South Korean GDP advances as predicted
Economic growth in South Korea reached 0.9% in the last quarter of the previous year on the quarterly basis, fully matching economists' expectations. At the same time, the pace of increase slowed from 1.1% in Q3. On the annual basis, economy expanded 3.9%. The biggest contribution was made by exports' growth. In 2014, the Bank of Korea forecasts the GDP