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South Korea's GDP growth revised down

Posted on Dec 06, 01:50PM | IANS

South Korea's gross domestic product (GDP) growth for the third quarter has been revised down to 0.1 percent, the central bank said Thursday.

Real GDP, the broadest measure of economic performance, increased 0.1 percent in the third quarter from three months before, down from a preliminary estimate of a 0.2 percent growth unveiled around a month earlier, according to the Bank of Korea (BOK).

From a year before, the real GDP advanced 1.5 percent, down from a preliminary figure of 1.6 percent on-year growth, reported Xinhua.