(MENAFN) South Korea's economic progress remained below 1 percent for three consecutive quarters, escalating doubts about the prolonged low-growth trend, as revealed by top local analysts.
Real gross domestic product (GDP), seasonally adjusted for inflation, touched USD328.7 billion over the April-June period, reflecting a slight 0.7pct increase from the previous quarter.
It was up from a 0.5 percent quarterly growth registered through the Jan-March timeframe, but the second-quarter value marked the zero-percent development for the third successive quarter.
Exports, which account for about half of the economy, jumped 0.9pct in the three months to June from the prior quarter due to demand for semiconductors let alone oil and chemical goods.
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