AMRO forecasts S. Korea's economy to grow 2.1% in 2019

AMRO forecasts S. Korea's economy to grow 2.1% in 2019

The ASEAN+3 Macroeconomic Research Office otherwise known as AMRO has forecast South Korea's economy to grow two-point-one percent in 2019... and two-point-two percent next year.br AMRO added the South Korean economy faces headwinds, including the ongoing U.S.-China trade spat, slowing global growth, and an aging population.br The Singapore-based organization recommended the South Korean government use expansionary fiscal policies to support future growth.br Standard & Poor's on Tuesday also revised down its growth estimate for South Korea, from its projection in July of two percent to one-point-eight percent for 2019, citing growing global trade uncertainties and slowing investment.


User: Arirang News

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Uploaded: 2019-10-02

Duration: 00:42

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