Finance
Third-quarter growth at 1.3 percent; annual 1.1 percent possible if fourth quarter stays above zero
South Korea’s economy expanded 1.3 percent in the third quarter, the fastest pace in 15 quarters, as consumption, investment and exports strengthened. The Bank of Korea said annual growth could reach 1 percent even if fourth-quarter activity weakens, and 1.1 percent is arithmetically possible if growth is zero or above. Domestic demand and net exports both contributed to the third-quarter result, while construction investment and utilities rebounded. Real GNI rose but lagged GDP due to weaker external income and deteriorating trade conditions.
