Korea’s Economic Growth Holds Steady in Sign of Resilience

10/26/2023 07:58
Korea’s Economic Growth Holds Steady in Sign of Resilience

South Korea’s economic growth held steady on the back of recovering exports, offering a sign of resilience as the central bank keeps monetary policy restrictive and sundry risks loom.

South Korea’s economic growth held steady on the back of recovering exports, offering a sign of resilience as the central bank keeps monetary policy restrictive and sundry risks loom.

Gross domestic product advanced 0.6% in the three months through September from the previous quarter, Bank of Korea data showed Thursday. Economists surveyed by Bloomberg had forecast a 0.5% expansion after growth came in at 0.6% in the three months through June.

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