South Korea's economic expansion impacted by the EU woes

Note: This section contains information in English only.
Source: BBC
South Korea's economy expanded less than expected in the Q4 of 2011 due to weak demand caused by global economic slowdown. The GDP grew by 0.4% in Q4 as compared to 0.8% increase in Q3, the central bank reported. Considering yearly changes, the GDP expanded by 3.4% in Q4. The Bank of Korea added that slowing exports create difficulties to the domestic economy.


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