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Home News Item S. Korea’s real GDP contracts 0.4 pct in Q4 on quarter
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S. Korea’s real GDP contracts 0.4 pct in Q4 on quarter

januari 26, 2023by Reacties uitgeschakeld voor S. Korea’s real GDP contracts 0.4 pct in Q4 on quarter

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SEOUL, Jan. 26 (Xinhua) — South Korea’s real gross domestic product (GDP), adjusted for inflation, contracted 0.4 percent in the fourth quarter of 2022, compared to the previous quarter, Bank of Korea data showed Thursday.

It marked the first fall in 10 quarters since the second quarter of 2020 when the outbreak of the COVID-19 pandemic roiled the Asian economy.

Private consumption retreated 0.4 percent

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