[lbo-talk] S Korea in recession

[Doug Henwood]

>From: The Dismal Scientist <listserv at dismal.com>
>Date: Fri, 22 Aug 2003 09:38:17 -0400
>
>--------------------------------------------------------------------------
>The GDP - Constant Prices for Korea economic release has been updated.
>--------------------------------------------------------------------------
>GDP - Constant Prices for Korea (1.9%)
>
>Disappointing release. According to preliminary estimates, second 
>quarter GDP fell 0.7 from the previous quarter and increased a mere 
>1.9% from a year ago, its slowest pace of growth since 2001.
>
>The decline in second quarter output was slightly worse than 
>Economy.comís forecast. Todayís release also marked the second 
>consecutive quarterly decline in Koreaís economic output and its 
>first recession in five years.