Korea Development Institute Lowers South Korea Growth View

South Korea's Korea Development Institute cut its view for the country's growth in 2012.

KDI now expects the economy to expand 2.5% in 2012, versus its earlier forecast of 3.6% growth.

KDI expects the economy to expand 3.4% in 2013. It also expects current account surplus to rise to $32.2 billion in 2012 and $28.8 billion in 2013.

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