SEOUL -- South Korea's ghd rettetang economic growth slowed in the second quarter from the first on less government stimulus spending, adding weight to the view that any monetary tightening for the rest of the year will be limited and gradual. Gross domestic product rose a seasonally adjusted 1.5% in the April-June ghd hair straightener period from the previous three months, when the economy grew 2.1% from the earlier quarter, the Bank of Korea said Monday.

From a year ago, the economy expanded 7.2% in the second quarter due largely to a lower comparative ghd straightener base in the year-earlier period, after rising 8.1% on year in the first quarter." Manufacturing grew further in the second quarter from the previous quarter, but the construction sector turned to decline due to a big drop in new residential houses amid the sluggish real estate market," the central chainsaw parts bank said in a statement.

Still, the second-quarter performance beat the median 1.1% on-quarter growth--and 6.6% on-year rise-forecast sell mbt shoes by 11 economists polled by Dow Jones Newswires. The results also came above the BOK's initial estimate. The central bank said early this month that GDP likely grew 1.2% on the quarter and 6.8% on the year. For all of 2010, the export-dependent economy is expected to grow 5.9%, following mbt shoes cheap a 0.2% rise in 2009, the BOK said.

The manufacturing sector grew 5.1% in the second quarter from the first quarter, when the sector expanded 4.2% on quarter, according to the BOK data Monday. Exports jumped 7.1%, accelerating from 3.7% in the first quarter. Private spending, one of the main growth engines of the Korean economy, gained 0.8%, timberland boots for women compared with a 0.7% rise in the preceding quarter, while facility investment climbed 8.1% after advancing 2.4%.But government spending, which was a key driving factor behind strong growth early this year, rose a mere 0.1% in the second quarter from the first quarter, when such spending gained 5.8% on quarter.

Construction investment fell 3.4%, following a 1.3% rise in the first quarter. The South Korean economy, Asia's fourth-largest, nike shox rivalry has been staging a robust recovery in exports and local consumption. That prompted a surprise 25 basis-point rate hike by the central bank early this month to 2.25% from a record low--the first increase since the outbreak of the global financial crisis in late 2008."I expect the BOK to raise the policy rate only once for the rest of the year, possibly in September, by shox nike 25 basis points." After the rate increase earlier this month, BOK Governor Kim Choong-soo said any subsequent rate hikes will be done without hurting growth and "will be within market expectations. YWJ