OECD cuts Korea's growth forecast to 2.4% for 2019
- 5 years ago
OECD, 올해 한국 성장률 전망 2.6→2.4%로 하향
The OECD cut this year's growth outlook for South Korea to 2-point-4 percent.
That's down Point-2 percentage points from the March forecast.
Falling exports amid a slowdown in global trade, as well as shrinking investment and employment are pulling down the numbers.
On a brighter note, the situation is expected to improve in 2020... thanks to the government's expansionary fiscal policy.
In terms of the global economy, the OECD anticipate 3-point-2 percent expansion,... also down from its earlier forecast of 3-point-3.
The organization cited downside risks including growing trade tensions and a slowing Chinese economy.
The OECD cut this year's growth outlook for South Korea to 2-point-4 percent.
That's down Point-2 percentage points from the March forecast.
Falling exports amid a slowdown in global trade, as well as shrinking investment and employment are pulling down the numbers.
On a brighter note, the situation is expected to improve in 2020... thanks to the government's expansionary fiscal policy.
In terms of the global economy, the OECD anticipate 3-point-2 percent expansion,... also down from its earlier forecast of 3-point-3.
The organization cited downside risks including growing trade tensions and a slowing Chinese economy.