South Korea posts fastest growth in nearly 3 years - Israel News, Ynetnews

   Israel News

Israel News
World News
Israel Opinion
Israel Business
Israel Culture
Israel Travel
Breaking News


South Korea posts fastest growth in nearly 3 years

Published: 01.23.14, 07:33 / Israel News

South Korea recorded its fastest growth since the first quarter of 2011, its central bank said Thursday, showing a recovery in Asia's fourth-largest economy is on track.


The Bank of Korea said preliminary data showed that the economy expanded by 3.9 percent in the final quarter of 2013 over a year earlier, accelerating from the third quarter's 3.3 percent. The growth was thanks to an increase in capital expenditure and exports.


From the previous quarter, the country's gross domestic product increased 0.9 percent, slowing from the previous two quarters when it expanded 1.1 percent. (AP)


  PrintPrint  Send to friendSend to friend   
Tag with Bookmark to


RSS RSS | About | Contact Us | Privacy Policy | Terms of use | Advertise with us | Site Map

Site developed by  YIT Advanced Technology Solutions