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.


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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam