SEOUL -- South Korea's economy grew 5.9% on the year in the second quarter of 2021, as a recovery in private consumption and the government's aggressive expenditure led the way.
Private consumption leads way but spending seen slowing amid COVID fight
A street in Seoul during a coronavirus resurgence in July. Consumption drove the economy in the second quarter but could slow in the third. © Reuters
SEOUL -- South Korea's economy grew 5.9% on the year in the second quarter of 2021, as a recovery in private consumption and the government's aggressive expenditure led the way.