global economy

In the fourth quarter of 2020, South Korea’s GDP grew 1.1% month on month, better than expected From Bank of Korea

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The following is the In the fourth quarter of 2020, South Korea’s GDP grew 1.1% month on month, better than expected From Bank of Korea recommended by recordtrend.com. And this article belongs to the classification: global economy .

South Korea’s economy grew faster than expected in the fourth quarter of 2020, benefiting from a sharp increase in exports, boosting hopes of recovery in 2021, according to data released by the central bank on Tuesday.

Data show that South Korea’s GDP in the fourth quarter increased by 1.1% on a quarter on quarter basis, better than expected. GDP grew by 2.1% in the third quarter.

For the whole year of 2020, South Korea’s GDP will shrink by only 1%, which may be the smallest in OECD countries.

According to the data, South Korea’s exports grew by 5.2% in the fourth quarter, offsetting a 1.7% decline in private consumption.

Construction investment grew by 6.5% month on month, the largest increase since the fourth quarter of 2019.

Compared with the same period last year, South Korea’s GDP shrank by 1.4% in the fourth quarter, less than expected.

More reading: Bank of Korea: in the third quarter of 2020, South Korea’s GDP increased by 1.9% on a month on month basis, and exports reached the largest growth in 34 years. Bank of Korea: in 2019, South Korea’s nominal real estate market value increased by 7.4% on a year-on-year basis. Bank of Korea: in April 2020, South Korea’s exports decreased by 12.6% on a year-on-year basis, and exports decreased by 22.8%. Bank of Korea: in January 2015, South Korea’s tourism expenditure exceeded $1.9 billion South Korea’s Ministry of Finance: 2016 Q3 South Korea’s GDP growth affected by note 7 sales suspension or reduced by 0.2% South Korea’s central bank: Samsung crisis or affected South Korea’s economic growth Hurun: 2020 world top 500 Tesla enters the top 10 South Korea’s customs office: in the first 10 days of January 2021, South Korea’s exports fell by 15.4% year on year A year-on-year growth of 12.6% five charts to understand the global economy in 2020 and 2021 South Korea customs office: export growth of 11.1% in the first 20 days of November 2020?

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