South Korea’s Q4 GDP up 0.6 Percent, Slightly Below Expectations

South Korea’s economic growth more than halved to 0.6 percent in the final quarter of 2015 as a decline in construction investment hobbled the ongoing recovery, central bank estimates showed on Tuesday.

Fourth-quarter gross domestic product rose 0.6 percent in seasonally adjusted terms from the third quarter, slowing from a 1.3 percent rise in the September quarter of last year.

This slightly lagged the median forecast of a seasonally adjusted 0.7 percent in a Reuters survey of 20 analysts.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

Latest posts by Craig Erlam (see all)