SEOUL (Reuters) -- South Korea's economy contracted in the final quarter of 2022 for the first time in two and a half years as a post-pandemic spending spree faded and global trade tumbled, central bank estimates released on Thursday show.
Gross domestic product (GDP) shrank 0.4% in the October-December period from the previous quarter, the Bank of Korea estimated, after a 0.3% gain in the July-September quarter. Economists in a Reuters poll had expected a 0.3% fall.
