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OECD cuts Korea's growth forecast to 2.4% for 2019

2019-05-21 0 Dailymotion

OECD, 올해 한국 성장률 전망 2.6→2.4%로 하향<br /><br />The OECD cut this year's growth outlook for South Korea to 2-point-4 percent.<br />That's down Point-2 percentage points from the March forecast.<br />Falling exports amid a slowdown in global trade, as well as shrinking investment and employment are pulling down the numbers.<br />On a brighter note, the situation is expected to improve in 2020... thanks to the government's expansionary fiscal policy.<br />In terms of the global economy, the OECD anticipate 3-point-2 percent expansion,... also down from its earlier forecast of 3-point-3.<br />The organization cited downside risks including growing trade tensions and a slowing Chinese economy. <br />

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