South Korea economy grows by 0.9% for second consecutive quarter: gov't
April 25, 2014, 12:00 am TWN
SEOUL--South Korea's economy grew by 0.9 percent for the second consecutive quarter as exports remained solid but domestic spending stalled, state data showed Thursday.
Asia's fourth-largest economy recorded a seasonally adjusted, on-quarter expansion of 0.9 percent during the January-March period, the central Bank of Korea said.
The rate was the same as the growth figure for the fourth quarter of 2013, but lower than the market forecast of 1.0 percent.