South Korea first quarter GDP surge will bounce steeply from fourth quarter on exports

South Korea first quarter GDP surge will bounce steeply from fourth quarter on exports

For the first three months of 2017 South Korea's economic surge will probably accelerate at a sharper pace than the previous quarter because exports as well as capital investment tracked a revival in the global economy.

The local economy is supposed to have expanded by 0.7% over January-March from the previous quarter, according to a Reuters survey.  On a yearly basis, experts forecast a median 2.6% leap.  

While a diplomatic spat with China, North Korean provocations as well as ongoing corporate restructuring offer downside risks to the South Korean economy, a new president, to be elected on May 9, will probably boost government spending that should be supportive of surge this year.

Frontrunner democratic nominee Moon Jae-in has already pledged an extra budget of over 10 trillion won to back jobs as well as domestic consumption.

In the fourth quarter of the previous year, the country’s economy inched up 0.5% in seasonally adjusted terms, while on-year it added 2.4%. 


Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera