South Korea's growth hit by weak European demand

[26 January 2012, BBC News] On 26 January, BBC News reported that South Korea's economy grew at a slower pace in the fourth quarter of 2011, as the global economy weakened and the eurozone debt crisis hit exports. Gross domestic product expanded by 0.4% in the three months to December, compared with the third quarter, when it gained 0.8%, the central bank said. Compared with the same period the previous year, the economy grew 3.4%. 

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