South Korea Q1 GDP -1.4% q/q (expected -1.5%)

Data from SK for January to March

Q1 GDP s/adj -1.4% q/q - this is the worst since Q4 2008

• +1.3% y/y
• facility investment s/adj +0.2% vs +3.3% in q4
• construction investment s/adj +1.3% vs +7.0% in q4
• private consumption s/adj -6.4% vs +0.9% in q4, worst since 1998