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South Korea's Economy Crushed

 
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User ID: 5549032
United States
12/05/2012 11:43 PM
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South Korea's Economy Crushed
Even South Korea is running at 2009 levels. At some point all of these 2009 low markers will likely become irrelevant.

South Korea's economy grew 0.1 percent in the third quarter from the previous three months -- the slowest pace in more than three years, on shrinking investment and manufacturing, according to the latest data.
The revised figure -- compared to 0.2 percent growth predicted by the Bank of Korea in October -- was the same as the first quarter of 2009 when the South was hit by the global financial crisis.

On a year-on-year basis, gross domestic product -- the broadest measure of economic performance -- for July-September was up 1.5 percent, compared to 2.3 percent on-year gain in the second quarter.
Exports, which account for nearly half of Asia's fourth-largest economy, rose 2.8 percent from the previous quarter due to robust overseas shipments of mobile devices and...

[link to iphone.france24.com]


S. Korea has been projecting growth..
Anonymous Coward
User ID: 27418740
United States
12/05/2012 11:45 PM
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Re: South Korea's Economy Crushed
Whites don't have any more money to buy their cheap Asian made goods.
Anonymous Coward
User ID: 700055
Japan
12/05/2012 11:49 PM
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Re: South Korea's Economy Crushed
They still have Samsung I guess. 1dunno1

Maybe if they weren't such prickly hard-asses to everyone else, they could get some tourist money? I went there 17 years ago and thought it was beautiful country. But most Japanese won't go there because you might get spit on in the streets.

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