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South Korea Lowers Economic Growth Outlook

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South Korea's government cut its growth and inflation forecast for 2012 and 2013.

The Ministry of Strategy and Finance lowered South Korea's economic growth outlook for 2012 to 2.1%, versus its prior forecast of 3.3%. The ministry also lowered its growth forecast for 2013 to 3.0%, versus its earlier forecast of 4.0%.

The ministry expects consumer prices to increase 2.7% in 2013, versus its earlier view of 3.0%.

Posted-In: South Korea governmentNews

 

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