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Economy Grows 0.6% in Q2

Written: 2025-07-24 08:30:08Updated: 2025-07-24 14:56:42

Economy Grows 0.6% in Q2

Photo : YONHAP News

The economy posted growth in the second quarter on the back of robust exports and a recovery in private consumption. 

According to the preliminary data from the Bank of Korea on Thursday, the country’s real gross domestic product grew zero-point-six percent in the April-June period from the previous quarter.  

This follows a zero-point-two percent contraction in the previous quarter.  

From a year earlier, the economy expanded zero-point-five percent in the second quarter.

Private consumption increased zero-point-five percent on-quarter in the second quarter, while construction and facility investment each declined one-point-five percent.

The real gross domestic income increased by one-point-three percent on-quarter in the second quarter.

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