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Q1 GDP On Tap, South Korea Expected To Avoid A Recession

SOUTH KOREA

Q1 GDP for South Korea prints shortly (5mins). The consensus estimate from Bloomberg is for a +0.2% q/q rise. The range of estimates is -0.2% to +0.6%. Y/Y growth is expected at +0.9%, versus +1.3% prior. Q4 GDP saw a -0.4% q/q contraction, so today's result will be eyed in terms of whether South Korea avoiding two consecutive quarters of negative growth (used in some circles as a simple recession classification rule).

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