South Korea Q1 Growth Hits 1.69%, Highest Among 22 Early-Reporting Economies

South Korea posted the highest first-quarter growth rate among major economies, according to mk.co.kr. The country’s economy expanded 1.69% in Q1, placing first among 22 countries that had released preliminary growth figures. The result put South Korea ahead of Indonesia and China. After ranking near the bottom in the fourth quarter of last year, Korea’s economy rebounded sharply in the first quarter. The data suggest that momentum was not limited to the Kospi stock market but also appeared in real economic indicators. The original report noted that the comparison is based on preliminary Q1 figures. Source: mk.co.kr