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South Korea's economy shrank in Q1 2024, posting the lowest growth among major economies.
South Korea's economy saw the lowest growth among 19 major economies in Q1 2024, with a 0.246% shrinkage in GDP.
The Bank of Korea attributes the poor performance to political disruptions, including martial law imposed by former President Yoon Suk Yeol, and ongoing trade tensions exacerbated by U.S. tariffs.
This contraction follows a period of weak growth and signals potential challenges for the economy's projected 1.5% growth in 2025.
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La economía de Corea del Sur se redujo en el primer trimestre de 2024, registrando el crecimiento más bajo entre las principales economías.