Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

South Korea’s GDP rose by 5.9pc in Q2 2021 ending June, according to media reports citing Bank of Korea. The figure indicates the highest pace of growth in the past decade, suggest reports. The steep rise can be attributed to a low base and a rise in private consumption. The growth, however, falls short of earlier estimates of 6pc. The GDP increased 1.9pc from the prior quarter. 


Financial company ING’s preliminary estimates suggest the full-year growth to be close to 4pc in the year on a softer third quarter. Their initial estimates had pegged this growth at 4.3pc. The company believes household spending surge and the resulting imports could ease in Q3. COVID-19-related restrictions could impact activities. 

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