S. Korea's economy grows 1.3 in Q1, matching earlier estimate

Minister of Electricity discusses with Advisor to UN Envoy electricity problems

Minister of Electricity and Energy Eng. Adnan al-Kaf discussed today, Thursday, in the temporary capital Aden, with the Economic Advisor at the Office of the Special Envoy of the UN Secretary-General to Yemen, Dirk Jan, the situations of the electricity sector.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Italy budget deficit at 3 percent

Italy recorded a deficit in its general budget of 3.1 percent of GDP in 2025, thus exceeding the ceiling set by the European Union at 3 percent.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/04/11 Time 04:32:57
Latest News:

President al-Alimi: Houthi militia’s hostile approach makes regaining state institutions priority

Prime Minister discusses strengthening bilateral relations with Dutch Ambassador

Minister of Transport discusses with Advisor of UN Envoy transportation businesses

Musawah Organization: Houthi Militias Kidnap 9 Civilians in Dhamar in 24 Hours

Leadership Council discusses mechanisms for responding to repercussions of local, regional developments

S. Korea's economy grows 1.3 in Q1, matching earlier estimate

[05/06/2024 11:44]

SEOUL-SABA
South Korea's economy grew at the fastest pace in over two years in the first quarter of this 2024 with 1.3 percent.

The S. Korean News Agency (Yonhap) reported that the country's real gross domestic product -- a key measure of economic growth -- increased 1.3 percent on-quarter in the January-March period, matching an earlier estimate, according to preliminary data from the Bank of Korea (BOK).

The first-quarter expansion compares with the 0.5 percent on-quarter expansion in the September-December period and marks the highest since the fourth quarter in 2021, when the economy expanded 1.6 percent.

On a yearly basis, South Korea's economy advanced 3.3 percent in the first quarter, higher than the 2.1 percent growth for the last quarter of 2023.

Last month, the central bank held its key interest rate steady at 3.5 percent for the 11th straight time.