South Korea’s economy slows in Q1 on COVID curbs, inflation

South Korea’s economic growth nearly halved in the first quarter from the previous three months as consumers and companies cut spending amid coronavirus curbs and surging inflation.

Gross domestic product grew a seasonally-adjusted 0.7 percent in the first quarter from the last quarter of 2021, the Bank of Korea (BOK) said on Tuesday, down from 1.2 percent in October-December, but slightly ahead of market expectations.

READ : https://www.aljazeera.com/economy/2022/4/26/south-koreas-economy-slows-in-q1-on-covid-curbs-inflation