News

South Korea GDP growth in Q1 2019 was the worst since the GFC

South Korean economic growth data for the January  – March quarter of 2019 

GDP (sa) -0.3% q/q (expected +0.3% q/q)

  • worst since Q4 of 2008 

+1.8 % for the y/y (vs. expected of +2.5%)

  • slowest since Q3 of 2009

Private consumption (sa) +0.1% q/q

  • slowest since Q1 2016

Construction investment (sa) -0.1 % q/q 

Facility investment (sa) -10.8% q/q

  • worst since Q1 1998

Its not surprising growth is slow in Korea (well, negative q/q), what with the trade wars and such. But, yeah, these are horrible numbers. 

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