(MENAFN) South Korea's economic growth stayed below 1 percent for four straight quarters due to the sluggishness in exports, boosting worries about a prolonged trend of low growth, Xinhua reported.
Real gross domestic product (GDP) increased 0.8 percent in the first quarter from three months earlier, according to the Bank of Korea (BOK). It was in line with the BOK's growth outlook and market expectations.
The BOK revised down its 2015 growth outlook to 3.1 percent in March from 3.4 percent estimated three months earlier. It was far lower than the government's growth forecast for 2015 at 3.8 percent.
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