South Korea's state-run research institute has lowered the country's growth rate for this year due to slowing investments and external risks.<br />The Korea Development Institute said on Wednesday that it has lowered South Korea's growth rate to 2 percent for 2019,... slightly down from its earlier forecast in May.<br />The institute said slowing investment has dragged down manufacturing sector and private consumption.<br />Global downside risks include the U.S.-China trade war.<br />It has also slightly cut the growth projection for next year to 2-point-3 percent.<br />The research institute, however, expects exports and the domestic consumption to pick up a bit next year.<br />
