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Modest growth rebound

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COVID-19 still weighs on full recovery

The economy recorded a modest rebound in the third quarter, temporarily ending a COVID-19 triggered slump. It is welcome news many people have aspired to hear amid the spread of the coronavirus. Yet it would be better to have cautious optimism because it is too early to predict a full-blown recovery.

On Tuesday, the Bank of Korea said the nation's gross domestic product (GDP) grew 1.9 percent in the July-September period from the previous quarter. This modest growth represents a turnaround from a 3.2 percent contraction in the second quarter and 1.3 percent decline in the first. It is also the best quarterly performance since the first quarter of 2010.

The rebound........

© The Korea Times

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