S. Korea's per capita income in 2018 to surpass U.S.$30,000, but GDP growth seen faltering to 6-year low

S. Korea's per capita income in 2018 to surpass U.S.$30,000, but GDP growth seen faltering to 6-year low

South Korea's per capita income is on pace to top 30 thousand U.S. dollars this year,... but the nation's economic growth is expected to fall to a 6-year low. br According to the Bank of Korea,... the country's G-N-I per capita for 2018 is projected to come in at roughly 31-thousand U.S. dollars,... and that'll be twelve years after it broke through 20-thousand dollars.br But G-D-P growth is expected to come to only 2-point-7 percent for the year,... the lowest since 2012. br The central bank attributed the slowdown... to weak domestic demand, especially in the construction sector.


User: Arirang News

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Uploaded: 2018-12-09

Duration: 00:35