Economics
Biggest Export Jump Since 1986 Fuels Korea Recession Rebound
- Global work-from-home shift is fueling demand for Korean chips
- Relative success at containing the virus has also helped
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South Korea’s fastest exports growth in decades led a stronger-than-expected rebound from its pandemic-triggered recession, signaling a pickup in global trade amid rising virus waves in key markets.
Gross domestic product increased 1.9% in the three months through September from the prior quarter, the Bank of Korea reported Tuesday. Economists had forecast 1.3% growth, following two quarters of contraction.