[Breaking News] Korean Economy Surprises with 1.3% Growth in 1Q, Driven by Exports and Domestic Demand
by Lee Changhwan
Published 25 Apr.2024 08:00(KST)
Updated 25 Apr.2024 08:02(KST)
![[Breaking News] Korean Economy Surprises with 1.3% Growth in 1Q, Driven by Exports and Domestic Demand](http://www.asiae.co.kr/news/img_view.htm?img=2021071712323438152_1626492754.png)
The Bank of Korea announced on the 25th that the real Gross Domestic Product (GDP) growth rate for the first quarter of this year (preliminary figure) increased by 1.3% compared to the previous quarter. This is the highest rate in nine quarters since recording 1.4% in the fourth quarter of 2021.
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