SEOUL, South Korea (AP) — South Korea's economic growth is set to slow to a more normal level of 4.5 percent next year, the central bank said Friday in a report that warns of significant uncertainties for the outlook including tensions with North Korea.
The slowdown next year will be from forecast growth of 6.1 percent for 2010, a year in which South Korea's recovery from the global financial crisis and subsequent worldwide slowdown accelerated.
South Korea is the world's 15th-largest economy and an export powerhouse home to major global manufacturers including Samsung Electronics Co. and Hyundai Motor Co.
The Bank of Korea injected a note of caution into its outlook for …
No comments:
Post a Comment