Quantcast


Last updated: March 17. 2013 3:07AM - 138 Views

Story Tools:

Font Size:

Social Media:

(AP) South Korea's economy growth expanded 0.4 percent in the final quarter of 2012 as a decline in capital investment by corporations narrowed.


Bank of Korea's estimate showed Thursday that South Korea's economic growth picked up speed slightly in the October-December period from the previous quarter. In the third quarter, the economy posted growth of 0.1 percent, the slowest pace in more than three years.


For full-year 2012, Asia's fourth-largest economy grew 2 percent over 2011, the weakest annual performance in three years.


The bank says a fourth-quarter rise in consumer spending and a smaller decline in capital investment helped the economy. But growth was still fragile, as weak investment in equipment and other assets by corporations persisted and exports fell.


Associated Press
Comments
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com