(MENAFN) The South Korean economy is assessed to have shrunk in the first quarter of 2019 on a drop in capital investment and dropping exports, the Bank of Korea stated Thursday.
In the three months ended March 31, the country's gross domestic product (GDP) is predictable to have reduced 0.3 percent from the former quarter, according to estimates from the central bank.
The reading marks the lowest development since the fourth quarter of 2008, when Asia's fourth-largest economy contracted 3.3 percent on-quarter.
From the same duration of 2018, the domestic economy expanded 1.8 percent in the January-March period, which also marks the slowest growth since the third quarter of 2009, according to the central bank.
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