OECD downgrades South Korea's 2018 growth outlook to 2.7%
- 6 years ago
OECD, 올해 한국 성장률 3.0→2.7%... 큰 폭 하향
The OECD has cut South Korea's 2018 growth outlook to two-point-seven percent.
The downgrade marks a zero-point-three percentage point cut from its previous outlook in May.
The OECD added the nation's growth outlook for 2019 has also been downgraded zero-point-two percentage points to two-point-eight percent.
The downward adjustment of the economic growth rate is said to be a result of the trade conflict between the U.S. and China,... as well as financial instability in emerging nations.
Experts say the revision is bigger than expected,... and a structural response is needed.
The OECD has cut South Korea's 2018 growth outlook to two-point-seven percent.
The downgrade marks a zero-point-three percentage point cut from its previous outlook in May.
The OECD added the nation's growth outlook for 2019 has also been downgraded zero-point-two percentage points to two-point-eight percent.
The downward adjustment of the economic growth rate is said to be a result of the trade conflict between the U.S. and China,... as well as financial instability in emerging nations.
Experts say the revision is bigger than expected,... and a structural response is needed.