Korea's GNI grows 2.9% in Q2
Korea's gross national income, a gauge of the population's purchasing power, climbed at its fastest pace in four years in the second quarter rising nearly 3 percent from a quarter earlier.
The Bank of Korea said Thursday that the nation's improved trade conditions were boosted by falling oil prices.
The Korean economy, meanwhile, grew 1.1 percent in the April to June period from the previous quarter, speeding up from a 0.8 percent on-quarter gain in the first quarter.
The central bank attributes the rise to expanded fiscal spending.
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