South Korea’s economic growth rate in the first quarter of this year recorded the highest level among major countries.
According to the Bank of Korea on the 12th, South Korea’s real gross domestic product (GDP) growth rate for the first quarter of this year stood at 1.694% compared to the previous quarter. This was the highest among the 22 countries that had announced preliminary figures by the previous day.
Indonesia (1.367%) and China (1.3%) also posted lower growth rates than South Korea. Only three countries—South Korea, Indonesia, and China—exceeded a 1% growth rate in the first quarter.
2. How is this related to the sub
(1) AI boom: AI boom is supercharging the economies that produces hardwares to support AI models such as memory chip.
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1. Summary
South Korea’s economic growth rate in the first quarter of this year recorded the highest level among major countries.
According to the Bank of Korea on the 12th, South Korea’s real gross domestic product (GDP) growth rate for the first quarter of this year stood at 1.694% compared to the previous quarter. This was the highest among the 22 countries that had announced preliminary figures by the previous day.
Indonesia (1.367%) and China (1.3%) also posted lower growth rates than South Korea. Only three countries—South Korea, Indonesia, and China—exceeded a 1% growth rate in the first quarter.
2. How is this related to the sub
(1) AI boom: AI boom is supercharging the economies that produces hardwares to support AI models such as memory chip.