Growth Beats But Outlook WeakJuly 2010 | Economic Analysis
South Korea's Q210 real GDP growth figure beat expectations, coming in at 5.9% on seasonally-adjusted annualised basis. Despite the strong outturn, we expect the pace of growth to moderate on the back of lower government spending and weaker external conditions in the coming quarters. As such, we maintain our forecast of a 5.5% real GDP growth rate for 2010.
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