South Korea's economic growth slows

Source: Bloomberg
The economy of South Korea expanded at its slowest pace in 3 years as the Eurozone debt crisis limits export growth and forces officials to consider easing measures. Korea's GDP grew 2.4% from a year earlier in 3 months ending in June, the slowest growth since 2009, with the second quarter GDP expansion of only 0.4%. 
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Thu, 26 Jul 2012 07:16:42 GMT

U.K. economy shrinks

The U.K. economy growth was the slowest in the second quarter since 2009, against economists' expectations of a 0.2% decline. According to the Office for National Statistics, GDP declined 0.7% from the Q1, when it fell 0.3%. Signs of escalating recession may forces the government to undertake more decisive measures to bolster economic growth even after the BOE implemented asset

Thu, 26 Jul 2012 17:51:39 GMT

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