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S Korea’s growth slows in Q2

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Seoul: South Korea’s economic growth slowed in the past quarter, the central bank said on Thursday, as a diplomatic row with top trading partner China over a US missile shield hit exports.


The figures come as South Korea struggles to shake off an extended economic slowdown, a key factor in the election of left-leaning new President Moon Jae-In in May, who has promised a massive fiscal stimulus package.


But second-quarter sales in the country’s key automobile industry were hammered by a wave of Chinese boycotts, seen as economic retaliation


to Seoul’s agreement to a new


US missile defence system, stalling


any recovery. — AFP


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