Major foreign investment banks lower S. Korea's growth outlook
- 5 years ago
Major foreign investment banks revised down their growth outlook for the South Korean economy for this year and the year after... on slowing global trade and the restructuring of key manufacturing industries in Korea.
The Korea Center for International Finance says growth forecasts by nine major global investment banks averaged two-point-seven percent for 2018 and two-point-six percent for 2019 as of the end of November,... both down zero-point-one percentage points from a month earlier.
Foreign banks also cut their global economic growth outlook for 2018 and 2019 to 3-point-eight percent and three-point-six percent, respectively.
The Korea Center for International Finance says growth forecasts by nine major global investment banks averaged two-point-seven percent for 2018 and two-point-six percent for 2019 as of the end of November,... both down zero-point-one percentage points from a month earlier.
Foreign banks also cut their global economic growth outlook for 2018 and 2019 to 3-point-eight percent and three-point-six percent, respectively.