South Korea avoids technical recession as GDP expands 0.6% in second quarter
South Korea avoided a technical recession as its economy expanded by 0.6% from the previous quarter, beating expectations, according to advance estimates. This was higher than the 0.5% expected by economists polled by Reuters, and a reversal from the 0.2% contraction seen in the first quarter. On a year-over-year basis, the country’s GDP rose 0.5%,…