South Korea's real gross domestic product (GDP) grew 0.7 percent in the second quarter from the previous quarter, central bank data showed Thursday.
Real GDP, adjusted for inflation, amounted to 398.34 trillion won (355.8 billion U.S. dollars) in the April-June quarter, up 0.7 percent from the previous three-month period, according to the Bank of Korea (BOK).
It was roughly in line with market expectations ranging from a growth of 0.7 percent to 0.8 percent. The economic growth declined in the fourth quarter of last year, before expanding 1 percent in the first quarter of this year.
From a year earlier, the real GDP gained 2.9 percent in the second quarter, which was in line with the BOK's growth forecast for this year.
Real GDP, adjusted for inflation, amounted to 398.34 trillion won (355.8 billion U.S. dollars) in the April-June quarter, up 0.7 percent from the previous three-month period, according to the Bank of Korea (BOK).
It was roughly in line with market expectations ranging from a growth of 0.7 percent to 0.8 percent. The economic growth declined in the fourth quarter of last year, before expanding 1 percent in the first quarter of this year.
From a year earlier, the real GDP gained 2.9 percent in the second quarter, which was in line with the BOK's growth forecast for this year.
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