S. Korea’s economy expands at fastest rate in 3 quarters

October 23, 2015

SEOUL, South Korea (AP) — South Korea’s economy expanded at the fastest clip in three quarters during the July-September period.

The Bank of Korea said Friday that Asia’s fourth-largest economy grew 2.6 percent from a year earlier.

From three months ago, it expanded 1.2 percent, the first time in 1 1/2 years that South Korea’s economy expanded more than 1 percent on a quarterly basis.

The central bank lowered its key policy rate twice this year to a record low of 1.5 percent as consumer spending slowed and exports dropped.

The government introduced a tax cut and added an additional public holiday to boost the recovery as the Middle East respiratory syndrome sapped consumption while a slowdown in China hit exports.

moose knuckles pas cher moose knuckles pas cher moose knuckles pas cher moose knuckles pas cher moose knuckles pas cher moose knuckles outlet moose knuckles outlet moose knuckles outlet moose knuckles outlet moose knuckles outlet maillot de foot pas cher maillot de foot pas cher maillot de foot pas cher maillot de foot pas cher maillot de foot pas cher scarpe nike air max outlet scarpe nike air max outlet scarpe nike air max outlet scarpe nike air max outlet scarpe nike air max outlet scarpe nike air max outlet nike tn pas cher nike tn pas cher nike tn pas cher nike tn pas cher air max pas cher air max pas cher stone island outlet stone island outlet stone island outlet stone island outlet stone island outlet stone island outlet barbour pas cher barbour pas cher barbour pas cher barbour pas cher barbour pas cher nike tn squalo nike air max outlet mcm outlet online moose knuckles outlet happiness outlet happiness outlet shoes