South Korean Q4 2024 economic growth has come in weaker than expected

The preliminary reading for 2024 Q4 GDP from South Korea is not as strong as was expected.

+0.1% q/q

• expected +0.2%, prior +0.1%

+1.2% y/y is a big tumble from Q3

• expected +1.4%, prior +1.5%

The Bank of Korea estimates that GDP growth over 2024 as a whole will be +2% y/y.

This article was written by Eamonn Sheridan at www.forexlive.com.