SOUTH KOREA 2Q12 GDP AT 2.4% vs exp 2.5% vs prv 0.4%

South Korea’s 2Q12 GDP growth rose 2.4 percent vs 0.4 percent on a y/y basis. Expectations came in at a growth of 2.5 percent. Slowdown in exports  on account of Europe and US economies experiencing slowing growth hampered South Korean trade. Further asset purchases and easing programmes would be conducted by the government. (Bloomberg)



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