SKorea's economy grows at fastest pace in 7 years

Oct 26, 2009 83 related
 

A South Korean street vendor arranges a stall of stockings in Seoul, South Korea, Monday, Oct. 26, 2009. South Korea's economy grew at its fastest pace in over seven years in the third quarter amid strength in manufacturing and capital spending, the central bank said Monday, as Asian countries lead the global recovery. (AP Photo/Ahn Young-joon) By KELLY OLSEN AP Business Writer SEOUL, South Korea (AP) - South Korea's economy grew at its fastest pace in over seven years in the third quarter amid strength in manufacturing and capital spending as Asian countries lead the global recovery. Gross domestic product grew 2.9 percent in the three months ended Sept. 30 compared with the previous three months when it expanded 2.6 percent, the Bank of Korea said Monday. The result, which far exceeded expectations, marked the strongest... [read full story]                    

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