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South Korean economy shrinks in Q4 for first time in 2-1/2 years

South Korean economy shrinks in Q4 for first time in 2-1/2 years

South Korea’s economy contracted in the final quarter of 2022 for the first time in 2-1/2 years, as a post-pandemic spending spree faded and global trade tumbled, central bank estimates showed on Thursday. Gross domestic product (GDP) shrank 0.4% in the October-December period from the previous quarter, the Bank of …

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