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Goldman Sachs, Fitch cut South Korea's 2019 growth forecast

2019-06-19 1 Dailymotion

골드만삭스ㆍ피치도 올 한국 성장률 전망 하향<br /><br />Global credit rating agency Fitch Ratings and investment firm Goldman Sachs have both cut their growth forecast for South Korea.<br /> Fitch slashed Korea's 2019 GDP growth estimate yesterday to two percent, down from two-point-five percent, citing an economic slump in the first quarter, sluggish exports and falling semiconductor prices.<br /> Goldman Sachs cut is forecast by point-two-percentage points to two-point-one percent, citing prolonged U.S.-China trade tensions.<br />Goldman Sachs had previously forecast that the Bank of Korea would maintain its benchmark interest rate but now says there will likely be two rate cuts by next year. <br />The lowered forecasts follow similar actions from the World Bank, the OECD and the Bank of Korea. <br />

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