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Economic Report

Economic reports, briefs issued by Samsung Economic Research Institute

Real GNI and GDP Growth Pick up Pace in 2Q

Real GNI and GDP Growth Pick up Pace in 2Q

Sept. 23, 2013

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Korea' real gross national income (GNI) grew at the fastest pace in four years. According to the Bank of Korea (BOK), the real GNI rose 2.9% in the second quarter compared to the first. That was the sharpest increase since the second quarter 2009 when growth was 4.8%. The quarter-on-quarter growth in the real GNI decelerated last year after recording 1.5% in the second quarter, falling to 0.7% in the third and 0.3% in the fourth but began rebounding from the first quarter of this year with a 0.8% increase.


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