Quick View: South Korea’s Growth Outlook Brightens
Country Risk / South Korea / Thu 25 Apr, 2024
Latest Development: Data released on April 25 showed South Korea’s real GDP expanding in Q124 by a seasonally-adjusted 1.3% q-o-q, accelerating from 0.6% in Q423. This corresponded to a 3.4% y-o-y growth.
Forecast Implications: The outturn surprised significantly to the upside, surpassing both our and the consensus estimate of a 2.4% y-o-y expansion