Moody's revises down economic growth outlook for S. Korea to 2.1%, 2.2% in 2019, 2020
- 5 years ago
Moody's has slashed its outlook for South Korea's economic growth for 2019 and 2020.
In a report Monday,... the global credit rating agency forecast South Korea's economy to grow two-point-one and two-point-two percent in 2019 and 2020, respectively,... far lower than the two-point-seven percent growth last year.
This is a revision from the two-point-three and two-point-five percent growth outlooks Moody's gave in November last year.
The report explained that subdued demand for intermediate products from China, namely semiconductors, has had negative impact on exports and investment outlook.
In a report Monday,... the global credit rating agency forecast South Korea's economy to grow two-point-one and two-point-two percent in 2019 and 2020, respectively,... far lower than the two-point-seven percent growth last year.
This is a revision from the two-point-three and two-point-five percent growth outlooks Moody's gave in November last year.
The report explained that subdued demand for intermediate products from China, namely semiconductors, has had negative impact on exports and investment outlook.