Korean Economy Bottoms Out?
April 23rd, 2009South Korea narrowly avoided falling into recession during the first quarter of this year, supporting hopes that the economy may at least be bottoming out as stimulus measures take hold.
The South Korean economy, among the biggest in the region, grew 0.1 from the previous three months, rebounding from a previous 5.1 percent quarter-on-quarter contraction, and surprising many analysts who had expected the recent quarter to show another, though slight, decline.
Here’s to hoping that this will start to boost the value of the Won, which has been depressingly low ever since I got here.