AMRO forecasts S. Korea's economy to grow 2.1% in 2019
Arirang News
2019-10-02
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Yet another forecast of economic growth in Korea coming in much lower than the government's projection.
The macroeconomic research office of the ASEAN+3 group known as AMRO for short has forecast South Korea's economy to grow this year by two-point-one percent... and next year by two-point-two percent next year.
That compares to the government's forecasts, respectively, of 2-point-5 and 2-point-6.
AMRO said the South Korean economy faces headwinds including the ongoing U.S.-China trade war, slowing global growth and an aging population.
To support the economy, it recommended the government use expansionary fiscal policies.
Standard & Poor's on Tuesday also revised down its estimate for South Korea... from the 2 percent it forecast in July... to 1-point-8 percent.
The macroeconomic research office of the ASEAN+3 group known as AMRO for short has forecast South Korea's economy to grow this year by two-point-one percent... and next year by two-point-two percent next year.
That compares to the government's forecasts, respectively, of 2-point-5 and 2-point-6.
AMRO said the South Korean economy faces headwinds including the ongoing U.S.-China trade war, slowing global growth and an aging population.
To support the economy, it recommended the government use expansionary fiscal policies.
Standard & Poor's on Tuesday also revised down its estimate for South Korea... from the 2 percent it forecast in July... to 1-point-8 percent.
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