South Korea Economy Continues Strong Rebound

South Korea announced its Q1 2010 GDP results today, with a solid 1.8% growth rate since Q4 2009; beating consensus for 1.5% growth, and 0.2% in the previous quarter. On an annual basis the South Korean economy grew 7.8%, continuing a strong export led rebound from its brief recession as noted in our review of OECD member GDP stats in the weekend.