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S. Korean economy to grow this year by 2.8%: KERI

2018-06-28 5 Dailymotion

한경연, 올해 성장률 전망치 2.8% 유지…투자 증가세는 둔화<br /><br /> The nation's economy will grow by 2-point-8 percent this year<br />The figure released by the Korea Economic Research Institute in its Q2 report is the same as the previous quarter, and, a little less optimistic than some government estimates.<br /> Sluggish investment in facilities and construction is cited as the key reason for the relatively low expansion.<br />Last year facility investment soared by more than 14-and-a-half percent, but the report points to a decline of 3 percent.<br />Also in 2017 the South Korean economy expanded by a three-year high of 3-point-1-percent.<br />The Bank of Korea's latest forecast for this year was 3 percent. <br />

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