2023-01-25 23:00:00

South Korea’s Economy Contracts as Exports Fall, Rates Rise

Logo Bloomberg
Bloomberg
By Sam Kim

South Korea’s economy shrank for the first time since the beginning of the pandemic last quarter as exports fell and consumer spending edged down in response to rising interest rates.

Gross domestic product contracted 0.4% from the previous three months, the Bank of Korea said Thursday, matching a Bloomberg survey of economists. From a year earlier, the economy still expanded by 1.4%.

Continue read on bloomberg.com

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-25 23:13:40
South Korea's gross domestic product shrank a seasonally adjusted 0.4 percent on quarter in the fourth quarter of 2022, the Bank of Korea said on Thursday....

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-25 23:46:29
South Korea's gross domestic product contracted a seasonally adjusted 0.4 percent on quarter in the fourth quarter of 2022, the Bank of Korea said on...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-25 22:31:29
South Korea will on Thursday release preliminary Q4 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GDP is...

Logo Channel NewsAsia
Business / FinanceBy Cna2023-01-20 01:37:12
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide BENGALURU :...

Logo Channel NewsAsia
Business / FinanceBy Cna2023-01-25 08:24:55
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide TOKYO : Japan...

Logo Inquirer.net
Business / FinanceBy J2023-01-25 08:58:39
TOKYO – Japan cut its view on the overall economy for the first time in 11 months in January, as China’s COVID-19 infections and a slowdown in global demand...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-25 22:59:54
The South Korea stock market has moved higher in three straight sessions, collecting almost 60 points or 2.4 percent along the way. The KOSPI now rests just...

Logo U.S. News & World Report
PoliticsBy Tim Smart2023-01-25 17:47:15
On Thursday, the government will issue its advance estimate of the nations economic output for the fourth quarter of 2022. The report on gross domestic...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-25 23:09:04
Consumer confidence in South Korea improved in January, the latest survey from the Bank of Korea showed on Thursday with a consumer confidence index score of...

Logo U.S. News & World Report
PoliticsBy Associated Press2023-01-25 17:14:34
UNITED NATIONS (AP) The United Nations forecast Wednesday that global economic growth will fall significantly to 1.9% this year as a result of the food and...

Logo Channel NewsAsia
Business / FinanceBy Cna2023-01-21 00:49:09
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SEOUL : South...

Logo Channel NewsAsia
Business / FinanceBy Cna2023-01-25 02:52:08
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SINGAPORE :...

Logo BBC
WorldBy Https://Www Facebook Com/Bbcnews2023-01-24 13:06:00
South Korea has developed into one of Asia's most affluent countries since partition in 1948. The Communist North has slipped into totalitarianism and...

Logo Channel NewsAsia
Business / FinanceBy Cna2023-01-25 02:52:00
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide HONG KONG:...

Logo CNBC
EconomyBy Patti Domm2023-01-25 21:21:18
Key Points Fourth-quarter gross domestic product will be released at 8:30 a.m. ET on Thursday. It is expected to show that the economy slowed, but still grew...

Logo Channel NewsAsia
Business / FinanceBy Cna2023-01-25 05:01:15
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SINGAPORE:...

Logo Channel NewsAsia
Business / FinanceBy Cna2023-01-25 06:52:37
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide JAKARTA...

Logo Investing.com
EconomyBy Yasin Ebrahim/Investing Com2023-01-26 00:08:58
By Yasin Ebrahim Investing.com A stronger economy in China is often a key ingredient for global growth. But as China prepares to flex its economic muscles...

Logo Fortune
Business / FinanceBy Edith M Lederer2023-01-25 19:54:43
Many countries are facing a recession as global conditions 'cuts across both developed and developing countries.'

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-25 06:13:50
Japan's leading index decreased more than initially estimated in November to the lowest level in nearly two years, final figures from a survey by the Cabinet...