South Korea logs fastest GDP growth in decade at 5.9% for Q2

Private consumption leads way but spending seen slowing amid COVID fight

20210727 south korea

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

KIM JAEWON, Nikkei staff writer

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.

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