South Korea's economy grows faster than expected in third quarter
- SEOUL: South Korea's economy grew faster than expected in the third quarter on booming chip exports, advance central bank estimates showed on Tuesday (Oct 27).
- Gross domestic product expanded 1 per cent in the July-September quarter from the preceding three months, when it grew 0.6 per cent.
- It was stronger than a median 0.7 per cent increase tipped in a Reuters poll of economists.
Confirmed
- SEOUL: South Korea's economy grew faster than expected in the third quarter on booming chip exports, advance central bank estimates showed on Tuesday (Oct 27).
- Gross domestic product expanded 1 per cent in the July-September quarter from the preceding three months, when it grew 0.6 per cent.
Unverified
- It was stronger than a median 0.7 per cent increase tipped in a Reuters poll of economists.
Sources: CNA, Al Jazeera