Economics
S. Korea Economic Growth Picks Up on Consumption Rebound
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South Korea’s growth picked up last quarter on public spending and revived consumption, a boost to President Park Geun Hye as policy makers try to spur the economy with fiscal and monetary stimulus.
Gross domestic product rose 0.9 percent from the previous quarter, the Bank of Korea said today in Seoul, matching the median estimate in a Bloomberg News survey. From a year earlier, the economy expanded 3.2 percent.