# Korean 4Q18 GDP rises 3.1%YoY | snaps | ING THINK

> South Korean GDP grew 3.1% year on year in the fourth quarter of 2018, above the 2.7% consensus. Quarter on quarter growth was 1.0%, driven mainly by government spending and stockbuilding, while net exports were a drag. ING raised its 2019 growth forecast to 2.2% from 1.9%.

- Date: 2019-01-22 · published 2019-01-22T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/61318-korean-4q18-gdp-rises-3-1-yoy-snaps-ing-think
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Stronger Korean growth supports feed demand from a large importer of grains and meal, but the effect on prices is small. The article is a macro data point with no direct commodity link.

## Sources

- think.ing.com: https://think.ing.com/snaps/korean-4q18-gdp-rises-3.1yoy/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.