South Korea GDP dropped -3.3% qoq in Q2, worst since 1998

<p>South Korea’s GDP contracted -3.3% qoq in Q2, as shown in data released by Bank of Korea. The decline was the worst since Q1 1998, and steeper than analysts’ expectations of around -2.3% qoq. Also, with Q1’s -1.3% fall, South Korean’s economy has formally entered a technical recession this year, joining other major Asian countries […]</p>
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