Economics
South Korea GDP to Show Recession Despite Avoiding Lockdown
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South Korea slipped into a recession in the second quarter, official data are expected to show Thursday, after its no-lockdown strategy and stimulus failed to offset a slump in exports.
Gross domestic product is expected to have fallen 2.4% last quarter from January-March, according to a median estimate of economists surveyed by Bloomberg. A negative outcome would mark the first recession since 2003.