Home Forums ICO Discussion South Korea's GDP grew 1.7% in Q1/21 due to strong export sales.

This topic contains 0 replies, has 1 voice, and was last updated by  limited 2 weeks ago.

Viewing 1 post (of 1 total)
  • Author
  • #466848


    The Bank of Korea (BOK) announced today that Gross domestic product (GDP) grew slightly more than expected in 1Q21, driven by strong export sales. and investment in facilities As a result, the expansion is close to reaching the level before the outbreak of COVID-19.

    According to roma slot เล่นฟรีไม่ต้องสมัคร the report, South Korea’s GDP in 1Q21 grew 1.7%, 0.1% higher than the previous forecast. On a year-on-year basis, GDP in 1Q21 grew 1.9%, up from the previous forecast. This page 0.1%

    BOK said in a statement that “Investment in facilities grew 6.1%, led by increased investment in machinery and transportation equipment.”

    The BOK report said, “Exports in Q1/21 increased by 2% due to exports of goods such as automobiles and mobile phones. has expanded.”

    BOK Governor Lee Joo Yeol said the South Korean economy was recovering faster than expected. But more patience is needed for monetary policy adjustments.

    However, when asked about the possibility of a rate hike this year, Mr Lee said Such rate hikes will depend on the rate of economic recovery.

    The BOK said private consumption in the first quarter rose 1.2 percent quarter-on-quarter. Meanwhile, investment in construction increased 1.3% from Q4/2020.

Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.