The Korean government's policy changes and the central bank's key rate cut are all aimed at generating momentum for Korea's economic recovery, but most indicators are still pointing to a slowing economy.<br />Some fear Korea will log a sixth consecutive zero-percent range growth in the first quarter of this year.<br />Song Ji-sun has more.<br />It's barely managing to hover above zero.<br />The Korean economy is likely to log another zero-percent range growth for a sixth straight quarter -- inching closer to a nine-quarter record logged between 2011 and 2013.<br />Oil prices may be cheap but domestic consumption is not catching up... and real economic indicators are showing the tell-tale signs of a slowing economy.<br />Mining and manufacturing production shrunk at the fastest rate in six years in January... and consumer inflation is also hovering at the zero-percent range for the third straight month. <br />If the first quarter marks expansion of less than one-percent,... the Korean economy is likely to settle in the low three percent growth range for the whole of 2015.<br />Foreign investment banks have already revised their outlook downward... with some predicting growth in the two percent range.<br />Domestic research institutes are also reportedly ready to adjust their figures.<br />After slashing the key interest rate to an all-time-low of one-point-seven-five percent last week,... Korea's central bank also hinted that its three-point-four percent growth outlook will be downgraded... in its next forecast in April.<br />Song Ji-sun, Arirang News.
