OECD cuts Korea's growth forecast to 2.4% for 2019

OECD cuts Korea's growth forecast to 2.4% for 2019

OECD, 올해 한국 성장률 전망 2.6→2.4로 하향br br The OECD cut this year's growth outlook for South Korea to 2-point-4 percent.br That's down Point-2 percentage points from the March forecast.br Falling exports amid a slowdown in global trade, as well as shrinking investment and employment are pulling down the numbers.br On a brighter note, the situation is expected to improve in 2020... thanks to the government's expansionary fiscal policy.br In terms of the global economy, the OECD anticipate 3-point-2 percent expansion,... also down from its earlier forecast of 3-point-3.br The organization cited downside risks including growing trade tensions and a slowing Chinese economy.


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Uploaded: 2019-05-21

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