South Korea's economy grew in the fourth quarter of 2023 at the same pace as the previous quarter:

  • Q4 2023 GDP S/Adj +0.6% Q/Q (Reuters Poll +0.5%)
  • Q4 2023 GDP +2.2% Y/Y (Reuters Poll +2.1%)
  • Q4 Private Consumption S/Adj +0.2% Q/Q
  • Q4 Construction Investment S/Adj -4.2% Q/Q
  • Q4 Facility Investment S/Adj +3.0% Q/Q
  • Q4 Exports S/Adj +2.6% Q/Q
  • Q4 Imports S/Adj +1.0% Q/Q
  • 2023 GDP +1.4% Y/Y (Vs +2.6% In 2022)

This is encouraging news from South Korea, preliminary economic growth data for the final quarter of 2023.

The +2.2% y/y is the best since Q3 of 2022.

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