S. Korea's economic recovery slows in Q1

(MENAFN) South Korea's major economic indicators are showing sins of slow recovery at the beginning of the year, signaling an economic pull out of the fourth quarter results, Yonhap News reported.

However, the finance ministry cautioned that the economy remains gripped by such external uncertainties as a weak Japanese currency and a delay in the recovery of major economies.

According to the report called Green Book, private consumption edged up 0.6 percent in the first quarter of this year from three months earlier. From a year earlier, it grew 1.5 percent.

"Overall, economic indicators such as industrial output, consumption and construction investment are improving slowly, though gains remain spotty and fluctuate from month to month," the ministry said.

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