South Korea's gross domestic product was down a seasonally adjusted 3.3 percent on quarter in the second quarter of 2020, the Bank of Korea said in Thursday's advance estimate.
That missed forecasts for a decline of 2.3 percent following the 1.3 percent contraction in the previous three months.
Real gross domestic income decreased by 2.0 percent on quarter.
On a yearly basis, GDP was down 2.9 percent - again missing forecasts for a fall of 2.0 percent after rising 1.4 percent in the three months prior.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2160806/
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