[Photo] S. Korean growth rate for 2019 expected to be a mere 2.2%
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Posted on : May.29,2019 16:31 KST
According to a study by the Korea Capital Market Institute (KCMI), the South Korean economy is expected to see a growth rate of just 2.2% in 2019. The KCMI based its results on the impact of the current US-China trade war, which massively impacts South Korean exports. A decline in exports was also coupled with stagnant domestic consumption. If the US-China trade war worsens, South Korean growth could fall to as low as 2%. (provided by the KCMI)
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