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Financial News: South Korea GDP Climbs 1.2% In Q4

South Korea GDP Climbs 1.2% In Q4

01/21/2020 - 19:22:00 (RTTNews)

(RTTNews) - South Korea's gross domestic product jumped a seasonally adjusted 1.2 percent on quarter in the fourth quarter of 2019, the Bank of Korea said in Wednesday's preliminary reading.

That beat forecasts for an increase of 1.0 percent and accelerated from the 0.4 percent gain in the three months prior.

On a yearly basis, GDP advanced 2.2 percent in Q4, exceeding expectations for 2.0 percent - which would have been unchanged from the previous three months.

For all of 2019, South Korea's GDP was up 2.0 percent on year.

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