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South Korea GDP Contracts More Than Expected, Increasing Odds Of Recession And Rate Cuts
The contraction in the first quarter will reduce annual GDP growth significantly.
South Korea's quarterly GDP contracts for the first time in four years as construction activity plunges
Data from the Bank of Korea showed that the drop was mostly due to a fall in construction, with the sector contracting 12.4% ...
South Korea's economy shrinks in first quarter amid tariff uncertainty, political turmoil
South Korea's economy unexpectedly contracted in the first quarter of the year, the country's central bank said Thursday, ...
Nikkei Asia2d
South Korea Q1 GDP shrinks 0.2% as exports wane
The Bank of Korea said in an advance estimate that real gross domestic product in Asia's fourth-largest economy shrank 0.2% ...
South Korea’s economy shrinks as tariffs darken global outlook
South Korea was slapped with a 25 per cent Trump tariff, temporarily reduced to 10 per cent for 90 days. Read more at ...
CNA2d
South Korea's economy shrinks in first quarter as trade war hits exports
SEOUL: South Korea's economy unexpectedly contracted 0.1 per cent in the first three months of this year, the Bank of Korea ...
China asks South Korea not to export rare earth products to US defense, warns companies could be sanctioned
The Chinese government has warned South Korean companies of retributions if they continue exporting products containing its ...
The Jakarta Post2d
South Korea GDP unexpectedly contracts, reinforcing rate cut chances
South Korea's economy unexpectedly contracted in the first quarter as exports and consumption stalled amid fears over the ...
NBC Chicago3d
South Korea's quarterly GDP contracts for the first time in four years as construction activity plunges
South Korea's GDP contracted 0.1% year on year in the first quarter, according to advance figures, marking the first contraction in its economy since the fourth quarter of 2020. The GDP figure ...