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I just saw South Korea's GDP figures for the last quarter, and the news is a bit better than expected. The contraction was only 0.2%, while the market predicted a 0.3% decline, so technically we have moved out of the worst-case scenario.
Compared to the previous quarter, which also saw a 0.3% contraction, we can say that it has at least stabilized somewhat. It's not exactly an impressive recovery, but after two bad quarters, seeing South Korea's GDP contract less is a sign that maybe the worst is over.
Analysts are watching these data to understand where the Korean economy is headed from here. If it can maintain this pace or improve, it could be the start of a recovery. Let's see how the upcoming numbers turn out.