Apr 25, 9:36 PM EDT

South Korea's economy has expanded at its slowest pace in three quarters


Multimedia
Swift negotiations free U.S. journalists
Timeline of U.S.-North Korea relations
Timeline of North Korea's nuclear and missile programs
Depth of Field: North Korea
A look at Kim Jong Il
Truth emerges about Kim Soo-im
Commission: U.S. military killed Korean refugees
South Koreans Protest U.S. Beef Accord
S. Korea Women Keep Diving Tradition Alive
Bittersweet Homecoming: Koreans Return Home After 68 Years in Russia
Latest News
North Korea is gearing up for the first congress of its ruling party in 36 years

China's U.N. ambassador says a North Korea proposal under which Pyongyang would halt its nuclear program if the U.S. and South Korea suspend joint military exercises merits consideration

The American-led U.N. command has dismissed as unsubstantiated accusations from North Korea that U.S. troops at a border village tried to provoke its frontline troops with "disgusting acts."

North Korea has sentenced a U.S. citizen of Korean heritage to 10 years in prison after convicting him of espionage and subversion, the second American it has put behind bars this year

For tens of thousands of people who escaped it, North Korea is still the home they left behind and there is much that they miss, sometimes achingly.

Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Puerto Rico's governor announces that his administration will not make a $420 million bond payment due Monday, after a failure to negotiate a legal or political solution to the U.S. territory's public debt crisis

The eurozone economy has grown back to the size it was back in 2008 _ here's a look at some other key indicators for the 19-country bloc, comparing its situation eight years ago with where it is now

Official figures show that the eurozone economy grew by a quarterly rate of 0.6 percent in the first three months of year, a level of growth that means the single currency bloc has finally clawed back the ground lost during the recessions since 2008

US economy barely grew at the start of election year, as consumers, businesses turn cautious

Japan's central bank stunned financial markets Thursday with a decision not to splash out still more monetary stimulus for the ailing economy _ apart from zero-interest loans for an earthquake zone

The head of global financial forum warned Britain that leaving the European Union would be tantamount to taxing its citizens _ another in a growing cavalcade of warnings ahead of a June 23 referendum on membership in the 28-nation bloc

A closely watched survey shows German consumer confidence is on the rise, indicating there is an expectation the economy, Europe's largest, will regain momentum in the coming months

South Korea's economy has expanded at its slowest pace in three quarters

The International Monetary Fund says oil exporting countries in the Middle East lost $390 billion in revenue due to lower oil prices last year, and should brace for losses of around $500 billion this year

Egypt's currency is plunging to new lows on the black market amid speculation it will be officially devalued further

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

SEOUL, South Korea (AP) -- South Korea's economy has expanded at its slowest pace in three quarters.

The Bank of Korea said Tuesday that Asia's fourth-largest economy grew 2.7 percent during the first quarter over a year earlier and just 0.4 percent from the previous quarter.

The results were the worst since July, when private consumption and tourism took a big hit from the spread of the deadly Middle East respiratory syndrome.

During the first quarter, government spending supported the economy while exports and capital expenditure dropped from the previous quarter.

Last week, the central bank cut its annual growth forecast by 0.2 percentage points to 2.8 percent.

The bank held off from lowering the key interest rate from the record low of 1.5 percent this month. But expectations are mounting for a rate cut.

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.