Hyundai think tank lowers growth forecast for South Korea

06/23/2013 | MK.co.kr (South Korea)

Citing weak annual growth of 1.8% in the first half of 2013, the Hyundai Research Institute projected 2.6% growth for the full year, down from a previous outlook of 3.1%. "The continued current account surplus and relatively robust domestic demand will help the nation register a higher growth rate in H2 than H1," the think tank said, forecasting a 3.3% annual growth pace in the latter half of the year.

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MK.co.kr (South Korea)

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