South Korean economy joins China in surpassing pre-Covid-19 peak
(April 27): South Korea led the developed world to join China in exceeding the size of its pre-pandemic economy, as investment and exports helped it expand faster than expected.
Gross domestic product grew 1.6% during January-March from the previous quarter, the Bank of Korea said Tuesday, easily beating economists’ consensus for a 1.1% expansion. That pushed GDP above the level at the end of 2019, before the coronavirus hammered activity.……
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