South Korea fourth-quarter GDP grows at its slowest pace in six quarters, missing expectations
- South Korea's GDP grew by 0.1 percent in the fourth quarter of 2024, marking the slowest pace in six quarters, according to the central bank.
- The economy expanded by 2 percent for the full year, which was below the forecast by 0.2 percentage points, amid political chaos affecting consumer confidence.
- President Yoon Suk Yeol's brief declaration of martial law on December 3 contributed to the economic slowdown and led to his impeachment.
- The Bank of Korea revised its 2025 growth forecast down to 1.6 to 1.7 percent, citing the ongoing political crisis and its impact on economic sentiment.
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Total News Sources0
Leaning Left3Leaning Right2Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 30%
C 50%
R 20%
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