Published on Wednesday, July 25, 2012
Asia Daily Flash | 26 July 2012: Korea’s 2Q GDP falls short of estimates; The Philippines cuts rates; China unveils more fiscal support measures
Summary
Korea’s second quarter GDP came in below expectations (2.4% y/y, consensus: 2.5% y/y, BBVA: 2.6% y/y) as weak investment spending and consumption weighed on growth.
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BBVA Research
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