South Korean Q4 GDP has contracted even worse than was expected | Forexlive

Data from South Korea:

Q4 2022 GDP s/adj -0.4% q/q (vs. expected -0.3%)

first contraction for tow-and-half years, post-pandemic spending slowing and global trade fell away the reasoning cite

Q4 2022 GDP +1.4%
y/y (vs. expected +1.5%, prior +3.1%)

Q4 2022 private
consumption s/adj -0.4% q/q

Q4 2022 construction
investment s/adj +0.7% q/q

Q4 2022 facility
investment s/adj +2.3% q/q

Q4 2022 exports
s/adj -5.8% q/q

Q4 2022 imports
s/adj -4.6% q/q

2022 GDP +2.6% y/y
(vs +4.1% in 2021)

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South Korea’s fin min says the government will take further steps to help ease the softness in the property sector