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South Korea's Q2 GDP Growth Slows to 3.7%

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South Korea's GDP grew 3.7% year over year in the second quarter, according to an advance estimate released by the Bank of Korea on Thursday.

The pace of growth weakened marginally from the 3.8% expansion recorded in the previous quarter, but beat the consensus forecast for a 3.5% expansion, tracked by Investing.com.

On a quarter-over-quarter basis, the economy expanded 0.6%, also decelerating from the 1.8% increase in the previous quarter. The latest print, however, was up from the 0.4% consensus forecast.

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