22.9 C
Karachi
Friday, March 29, 2024
- Advertisement -
 

Samsung’s halt of Galaxy Note 7 hurt third-quarter GDP: finance ministry official

TOP NEWS

Reuters
Reuters
Reuters is an international news organisation owned by Thomson Reuters

SEOUL: Samsung Electronics Co Ltd’s decision to scrap its Galaxy Note 7 smartphone likely erased 0.1 to 0.2 percentage points from third-quarter GDP growth in quarterly terms, a finance ministry official told Reuters on Tuesday.

The official, who declined to be named as he was not authorized to speak to media on the issue, made the comments just hours after the Bank of Korea estimated third-quarter GDP growth at 0.7 percent from the previous three-month period.

- Advertisement -
- Advertisement -
 

POLL

Will the PML-N led govt be able to steer Pakistan out of economic crisis?

- Advertisement -
 

MORE STORIES