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To: victorw who wrote (50131)	8/31/1999 2:11:00 PM
From: dfloydr	Read Replies (1) \| Respond to of 95453

How's this for real growth: S. Korea reveals strong 33% output growth SEOUL (Reuters) - South Korea, forced to turn to the IMF two years ago to avoid default, on Sunday recorded a 33.1% annual jump in industrial output in July and shows signs of sticking to the trend. "Demand kept growing domestically and from overseas, especially for automobiles and semiconductors," a National Statistical Office official said. July production was 2.3% higher than in June. Last month's output compares with a 14% decline in July 1998 production from July 1997. Early this month, Korea announced 9.8% growth in gross domestic product over the year to the second quarter, a big boost for Korea's efforts to clear doubts about the economy. See full story Return To Top \| World Business and Financial News