South Korea’s Q3 growth dips, recovery seen slow

South Korea’s economic growth almost halted in the third quarter as hesitant and indebted consumers were unable to make up for steep spending cuts by companies on declining exports to Europe and China.

Gross domestic product grew just 0.2 per cent in the July-September period from the previous quarter as corporate spending on facilities plunged on gloomy export prospects, advance estimates by the country’s central bank showed on Friday.

via Business feed http://www.scmp.com/business/economy/article/1070194/south-koreas-q3-growth-dips-recovery-seen-slow