Think Tank Lowers S. Korea's Growth Outlook to 2.4%

Write : 2019-05-23 17:17:43 Update : 2019-05-23 18:38:05

Think Tank Lowers S. Korea's Growth Outlook to 2.4%

A domestic think tank has lowered South Korea's growth outlook for this year to two-point-four percent from a previous two-point-six percent estimate made last November. 

The Korea Institute of Finance said Thursday it has revised the growth forecast downward in consideration of a slowing global economy and decreasing global trade volume.

The institute said the revision reflects sluggish exports and domestic investment and a deterioration in the first quarter of economic indicators.

The think tank forecasts private sector spending to grow two-point-four percent this year compared to last year's two-point-eight percent growth.

The growth rate is expected to modestly increase from two-point-two percent in the year's first half to two-point-six percent in the second half. 

The institute further predicts negative growth of minus three-point-nine percent in construction investment this year, following minus four percent contraction last year.

Facility investment is also forecast to edge down one-fourth of a percent this year as large scale investments in semiconductors are slowing and companies delay new investment decisions.

[Photo : KBS News]

  • RSS
  • Facebook
  • Twitter
  • print
  • list
  • Top
prev  prev  1 2 3 4 5 6 7 8 9 10 next
Internet Radio On-Air Window to KBS WORLD Radio Window to KOREA
2018 Inter-Korean Summit
North Korea Inside
청취자 만족도 조사 결과 -E
Let's Learn Korean (Mobile)
More Service
  • Podcasts
  • You can download KBS World Radio News in eleven languages through Podcast KBS Radio Tune


4 / 4