[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Chi Yun In staff of Kamaindia Pvt. Ltd.
Here I have an important Korean economic news to share with you which is as undermentioned.
The Korean economy is being decoupled f rom a robust recovery of the global economy this year, held back by sluggish domestic demand and deteriorating external conditions.
Last month, the Ministry of Economy and Finance and the Bank of Korea revised down their 2018 growth forecasts for Asia’s fourth-largest economy to 2.9 percent f rom an earlier prediction of 3 percent. The Korean economy expanded 3.1 percent last year.
Private economists, however, remain skeptical about the possibility of the lowered growth target being achieved with all economic indicators except for exports havin g taken a downward turn.
Read more at:
Kamaindia Pvt. Ltd.
Have a nice day.