Korea's economic growth slows to 2.6 percent in 2022
The country's gross domestic product (GDP) grew 2.6 percent in 2022, according to the Bank of Korea, compared to a 4.1 percent increase a year earlier.
The economy shrank 0.4 percent in the fourth quarter from the same period a year earlier.
A decline in private spending contributed to the quarterly fall.
BY JIN MIN-JI [jin.minji@joongang.co.kr]
with the Korea JoongAng Daily
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