RTTNews - S.Korea's gross domestic product grew 2.6% sequentially in the second quarter, revised upwards from a 2.3% growth reported on July 24, the Bank of Korea said Thursday. This is the fastest pace of growth in more than five years.

Year-on-year, the GDP contracted 2.2%, slower than a 2.5% fall estimated earlier. In July, the central bank said the economy would contract 1.6% this year.

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