The ASEAN+3 Macroeconomic Research Office otherwise known as AMRO has forecast South Korea's economy to grow two-point-one percent in 2019... and two-point-two percent next year.
AMRO added the South Korean economy faces headwinds, including the ongoing U.S.-China trade spat, slowing global growth, and an aging population.
The Singapore-based organization recommended the South Korean government use expansionary fiscal policies to support future growth.
Standard & Poor's on Tuesday also revised down its growth estimate for South Korea, from its projection in July of two percent to one-point-eight percent for 2019, citing growing global trade uncertainties and slowing investment.