South Korean growth forecast is lowered

05/9/2013 | MK.co.kr (South Korea)

Despite a projected 0.11% boost from the new government's stimulus budget, the South Korean economy should grow only 2.6% this year, down from a previous forecast of 2.8%, the Korea Institute of Finance predicted. The think tank cited poorer-than-expected fourth-quarter growth last year, the extended global slowdown and a weakening yen as limiting factors.

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