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IMF cuts 2012 growth estimate for S. Korea to 2.7 percent

October 9, 2012 Yonhap
Less than three weeks after cutting South Korea's growth estimate for this year, the International Monetary Fund (IMF) on Monday provided a gloomier outlook for Asia's fourth-largest economy amid uncertainties in the eurozone and U.S. economies.

South Korea is projected to record only 2.7 percent in economic growth this year, the IMF said in a new report on the global economy. Based on annual consultations with Seoul, it revised down its growth outlook for South Korea to 3 percent in late September.
Company — Republic of Korea
  • Full name
    The Republic of Korea
  • Registration country
    Republic of Korea