S. Korea’s Economy Grows More Than Forecast as Exports Climb

South Korea’s economy expanded at a faster pace than forecast, showing momentum that could boost inflation pressures and build a case for a rate increase.

Gross domestic product grew 0.9 percent in January-March period from the previous quarter, the Bank of Korea said today in a statement in Seoul, above the median 0.8 percent estimate of 13 economists surveyed by Bloomberg News. From a year earlier, GDP increased 3.9 percent, the most in three years.