Economic Buzz: South Korea Economy Grows 0.7% In Q2 2022

26 Jul 2022 , 11:54 AM

South Koreas gross domestic product expanded a seasonally adjusted 0.7 percent on quarter in the second quarter of 2022, the Bank of Korea said in advance estimate. On an annualized basis, GDP was up 2.9 percent – again topping forecasts for 2.5 percent and easing slightly from the 3.0 percent expansion in the first quarter of 2022. Real gross domestic income was down 1.0 percent on quarter and 0.5 percent on year. Powered by Commodity Insights