By Daniel Hunter

Growth in the South Korean economy slowed to a six year low in the final quarter of 2014, official figures show.

Asia's fourth largest economy grew by 0.4% in the three months to the end of December, compared with 0.9% in the previous quarter and 2.7% in the same period last year.

Analysts said a fall in infrastructure spending and exports had a big impact on the economy. Investment in construction fell 9.2% - its worst performance since 1998.

Barclays said annual growth of 3.3% had fallen below its forecast of 3.5%.

Barclays economist Wai Ho Leong said: "[Growth will] remain soft in the first quarter of 2015 before reaccelerating from the second quarter as the pass-through of lower oil prices rekindles global external demand."

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