South Korea - Growth forecast down
December 30, 2012, Sunday
|
Print Edition
Print Edition
SOUTH Korea has lowered its growth forecast for this year and next, as external risks continue to pose challenges to exports.
The Ministry of Strategy and Finance said this week that South Korea's economy will expand 3 percent in 2013, lower than its September forecast of 4 percent. This is lower than Bank of Korea's 3.2 percent growth forecast and the International Monetary Fund's 3.6 percent.
The ministry said Asia's fourth-largest economy is forecast to expand 2.1 percent this year, the lowest in three years and lower than its earlier estimate of 3.3 percent growth.
The government said economic growth is falling short amid a delay in the global economic recovery.
The Ministry of Strategy and Finance said this week that South Korea's economy will expand 3 percent in 2013, lower than its September forecast of 4 percent. This is lower than Bank of Korea's 3.2 percent growth forecast and the International Monetary Fund's 3.6 percent.
The ministry said Asia's fourth-largest economy is forecast to expand 2.1 percent this year, the lowest in three years and lower than its earlier estimate of 3.3 percent growth.
The government said economic growth is falling short amid a delay in the global economic recovery.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
