South Korea’s GDP grows

July 26th, 2012 - 1:38 pm ICT by IANS  

Seoul, July 26 (IANS) South Korea’s gross domestic product (GDP) grew 0.4 percent in the second quarter from three months earlier, the central bank said Thursday.

Real GDP, the broadest measure of economic performance, expanded 0.4 percent during the April-June period from the previous quarter, slower than a revised on-quarter growth of 0.9 percent for the first quarter, according to an advance estimate by the Bank of Korea (BOK), reported Xinhua.

From a year earlier, the real GDP advanced 2.4 percent, down from a revised on-year expansion of 2.8 percent in the prior quarter.

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