Korea reported better-than-expected growth in the third quarter largely on the back of recovery in exports and facilities investment.
The Bank of Korea (BOK) said Tuesday that the country’s GDP increased by 2.1 percent during the July-September period compared to the previous quarter, up from a preliminary forecast of 1.9 percent announced in October.
Exports, retail sales and services did better than expected, explained the central bank.
In fact, this was the sharpest growth in more than a decade — since the third quarter of 2009, when the country registered 3 percent growth quarter-on-quarter.
Compared to the same period last year, growth was negative 1.1 percent. from : Korea JoongAng Daily See Original News (☜Click) |
