UPDATE 2-S.Korea economy in recession, H2 rebound seen

Newswire

(Adds central bank official and analyst comments, markets) By Kim Kyoung-wha SEOUL, Aug 22 (Reuters) - South Korea's economy, the envy of most Asian neighbours last year, contracted in the second quarter on flagging consumption, sliding into its first recession since the 1998 Asian crisis, the central bank said on Friday. A central bank forecast for the third quarter implied a strong rebound now under way, although an official was cautious and analysts pointed to ballooning consumer ...

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