LG Economic Research Institute expects South Korea's economic growth rate to drop further next year to one-point-eight percent.<br />In a report Thursday,... it also revised down this year's forecast to two percent from the previous in April of two-point-three percent.<br />It blamed sluggish exports especially in semiconductors forecasting the global economic slowdown and the U.S.-China trade war to continue into next year.<br />It said this will hurt the domestic economy,… causing companies to reduce investment and employment.<br />Slower growth next year is also forecast by the Morgan Stanley and South Korea's Institute for the Future of State.<br />
