South Korea Q2 GDP -0.2% q/q, unchanged from advanced estimate
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/10/2026
- Wall Street posts weekly gains with earnings, inflation data on tap
- Oil prices settle higher as more production shut ahead of hurricane
- Apple cuts iPhone 18 Pro orders due to soft demand, Nikkei Asia reports
- UBS flags level in gold prices where dip buyers will likely emerge
- Telecom stocks tumble on SpaceX spectrum acquisition news
Tweet
Share
E-mail
FILE PHOTO: An apartment complex which is currently under construction is seen in Seoul, South Korea, August 30, 2016. Picture taken on August 30, 2016. REUTERS/Kim Hong-Ji/File Photo
SEOUL (Reuters) - South Korea's economy shrank 0.2% in the second quarter, revised central bank data showed on Thursday, unchanged from its advance estimate issued in July.
It was the sharpest quarterly contraction since the fourth quarter of 2022 when the economy shrank by 0.5%.
On an annual basis, gross domestic product was 2.3% higher in the April-June quarter, weaker than the 3.3% growth logged in the first quarter.
(Reporting by Cynthia Kim; Editing by Jamie Freed)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Three injured in Poland's third youth stabbing attack in four days
- Germany sticks to Russia sanctions after Trump announcement on diesel
- Neither Putin nor Trump wanted to hang up first, Kremlin aide says after 'very friendly' call
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
