SEOUL -- The South Korean economy rebounded from a COVID-induced recession in the third quarter as demand for exports grew following the relaxing of lockdowns in the region.
Asia's fourth-largest economy grew a seasonally adjusted 1.9% during the July-September period from the previous quarter, the Bank of Korea said Tuesday. That's a faster pace than the 1.7% median forecast of 12 economists polled by Reuters, and compares with a 3.2% fall in April-June -- the sharpest contraction since 1998.
