The government has projected the domestic economy will grow between two-point-six and two-point-seven percent in 2019.

The report was presented during an extended meeting of heads of economy-related ministries chaired by President Moon Jae-in on Monday. The government said that despite an anticipated slowdown in export growth, it will achieve desired results from its all-out efforts to boost private and public investment.

The latest growth outlook represents a downgrade from a July estimate, in which the economy was forecast to grow by two-point-nine percent this year and two-point-eight percent next year. 

The nation's monthly job growth forecast for 2019 was also slashed to 150-thousand from 230-thousand. 

Prices were projected to rise at a steady rate of one-point-six percent on average next year. The nation's current account surplus is thought to come in at 64 billion dollars next year, down from this year's 74 billion dollars.