South Korean growth accelerates in Q4

South Korean growth accelerates in Q4Seoul, Jan 24 : South Korea's economic growth accelerated in the fourth quarter from three months earlier, as stronger won helped boost private consumption.

Real gross domestic product (GDP), the broadest measure of economic performance, increased 0.4 percent in the three months ended Dec 31, up from a revised 0.1 percent growth in the third quarter, the Bank of Korea (BOK) said in a statement.

The figure was seasonally adjusted, reported Xinhua.

Private consumption rose 0.8 percent, offsetting reduction in other items of the expenditure side such as exports, imports and facility investment. The won's ascent against the US dollar enhanced purchasing power of domestic consumers, resulting in consumption growth. (IANS)


Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate

Popular Stories

SC dismisses petition seeking CBI probe into MP- Pre Engineering Test

New Delhi [India], Feb 23 : The Supreme Court on... Read More

Ramjas college scuffle: Delhi police calls for stern action

New Delhi [India], Feb. 23 : A day after clash... Read More

U.P. Assembly polls: 23.78 % voter turnout till 11am

New Delhi [India] Feb 23. : The high-voltage Uttar... Read More

SC refuses to hear plea to include Urdu in NEET

New Delhi [India], Feb. 23 : The Supreme Court on... Read More

BMC polls: Shiv Sena confident of winning elections, says Manohar Joshi

Mumbai (Maharashtra) [India], Feb.22 : The Shiv... Read More