The International Monetary Fund (IMF) has again lowered South Korea’s economic growth forecast for this year. In its World Economic Outlook report, the IMF forecast that South Korea’s economy will grow two-point-seven percent this year, down three-tenths of a percentage point from last month’s forecast, according to Korea’s (KBS WORLD) website. The report is set to be revealed during the annual meetings of the IMF and World Bank that will open in Tokyo on Thursday. The IMF’s announcement marks the fourth time for the global agency to mark down South Korea’s growth outlook in 2012. The IMF also projected that South Korea’s economy will grow three-point-six percent next year, down three-tenths of a percentage point from last month’s outlook. The fund’s downgrade apparently comes as South Korea, which is highly dependent on imports and exports, is expected to be more affected by Europe’s financial crisis than other countries. The IMF also forecast that this year the global economy will grow three-point-three percent, down two-tenths of a percentage point from a forecast issued in July. The IMF also lowered its global economic growth outlook for next year by three-tenths of a percentage point to three-point-six percent. pe
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor