Home > South Korean economy grows 1.8% in first quarter

Business
South Korean economy grows 1.8% in first quarter

Description

Seoul, Apr 27 (EFE/EPA).- South Korea's gross domestic product (GDP) grew 1.8 percent in the first quarter compared to the same period last year thanks to consumption, an expansionary fiscal policy and exports.Between January and March, the South Korean economy expanded to practically the same level as prior to the pandemic, according to the Bank of Korea (BoK) on Tuesday.With respect to the last quarter, GDP grew by 1.6 percent, improving on the growth rate of October-December 2020, which was 1.2 percent. (Camera: ARCHIVE).ARCHIVE FOOTAGE OF THE CITY OF SEOUL, SOUTH KOREA AND DEALERS WORKING AT HANA BANK IN SEOUL, SOUTH KOREA.

Added on the 27/04/2021 14:00:00 - Copyright : EFE Inglés

To customise your video :

Generic export code

More videos on the subject

South Korea's GDP contracted 1.4 percent in first quarter of 2020

Seoul, Apr 23 (EFE/EPA).- South Korea's gross domestic product (GDP) contracted 1.4 percent in the first quarter of 2020 compared to previous three months due to the impact of the coronavirus crisis, according to data published by the Bank of Korea on Thursday.This is the worst figure since the Asian country contracted some 3.3 percent in the fourth quarter of 2008 due to the global financial crisis that started with the collapse of the American investment bank Lehman Brothers. (Camera: JEON HEON-KYUN). SHOT LIST: STREETS AND SHOPPING CENTERS IN SEOUL, SOUTH KOREA.

23/04/2020 - EFE Inglés
EU hits Apple with 1.8 bn euro ($1.9 bn) antitrust fine

The EU has hit Apple with a 1.8-billion-euro fine ($1.9 billion) for violating the bloc's laws by preventing music streaming services from informing users about subscription options outside of its App Store. "Apple did so by restricting app developers' ability to inform users of Apple devices about alternative cheaper options to purchase music available on the internet outside of the Apple ecosystem," commission vice-president Margrethe Vestager says in a statement. SOUNDBITE

04/03/2024 - AFPTV - First images
ECB cuts eurozone growth forecast to 2.8% in 2022, 2.1% in 2023

The European Central Bank slashes its growth outlook for the eurozone to 2.8 percent in 2022 and 2.1 percent in 2023, as Russia's invasion of Ukraine wreaks havoc on the world economy. SOUNDBITE

09/06/2022 - AFPTV - First images
Spanish Stock Market bounces 1.34% at the opening and is close to 8,900 points

Madrid, Oct 7 (EFE) .- The Spanish stock market rises 1.34% this Thursday and is close to 8,900 points in a recovery day after the previous sharp falls, thanks to the brake on the rise in the price of crude oil and sovereign debt interest.

07/10/2021 - EFE Inglés
Spain's Ibex 35 loses 1.71% and the 8,800 points for collecting profits

Madrid, Oct 6 (EFE) .- (Camera: Ana Bornay) The Spanish Stock Market has lost 1.71% this Wednesday and the level of 8,800 points affected by the recollection of part of the benefits achieved the day before and by the decline of Wall Street, according to market data.

06/10/2021 - EFE Inglés