LG Economic Research Institute expects South Korea's growth rate to drop further next year to one-point-eight percent.<br /> It also revised down this year's forecast to two percent from April's two-point-three percent.<br /> The institiute blamed sluggish exports especially in semiconductors with the global economic slowdown and the U.S.-China trade war expected to continue into next year. <br />This will hurt the domestic economy,… causing companies to reduce investment and employment.<br />Slower expansion for 2020 is also forecast by Morgan Stanley and South Korea's Institute for the Future of State. <br />
