South Korea’s gross domestic product expanded only 0.3 percent on an annualized quarterly basis in the second quarter of 2015, the Bank of Korea said in Thursday’s preliminary estimate.

That was shy of forecasts for an increase of 0.4 percent, and it slowed from 0.8 percent in the first quarter.

Real gross domestic income advanced 1.3 percent on quarter.

On a yearly basis, GDP added 2.2 percent – also below expectations for 2.3 percent and down from 2.5 percent in the three months prior.

The material has been provided by InstaForex Company –