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Last Updated : GMT 09:40:38
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growth outlook

South Korea's Central Bank Cuts Growth Outlook to 2.7%

Themuslimchronicle, themuslimchronicleSouth Korea's Central Bank Cuts Growth Outlook to 2.7%194163/243
Seoul - QNA
South Korea's central bank on Thursday revised down its growth outlook for Asia's fourth-largest economy to 2.7% from 2.8% three months earlier, citing sluggish consumption at home and abroad.  The quarterly revision by the Bank of Korea (BOK) came shortly after the government slashed its outlook for 2016 to 2.8% from 3.1%, state news agency (Yonhap) reported.  "The local economyRead more

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