South Korea’s economy may slow down in 2012December 12th, 2011 - 1:52 pm ICT by IANS
Seoul, Dec 12 (IANS) South Korea’s economic growth was expected to slow down next year due to growing uncertainties such as Europe’s debt crisis, the Korean finance ministry said Monday.
The country’s economy was projected to grow 3.7 percent in 2012, down from 3.8 percent estimated for 2011, according to the ministry of strategy and finance.
The 2012 growth outlook was revised down from 4.5 percent estimated in September, and was in line with the growth outlook made by the Bank of Korea (BOK) last week, reported Xinhua.
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- IMF lowers 2012 growth outlook for South Korea - Sep 21, 2012
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- South Korea's central bank cuts 2012 growth outlook - Jul 13, 2012
- South Korea's consumer confidence weakens - Aug 27, 2012
- `Downside risks to South Korean economy remain high' - Dec 08, 2011
- South Korea faces consumer price instability - Mar 06, 2012
- South Korean economy shows weaker growth momentum - Aug 09, 2012
- South Korean economic indicators weaken - May 08, 2012
- South Korean central bank cuts key interest rate - Jul 12, 2012
- South Korea's central bank leaves key rate unchanged - Jan 13, 2012
- South Korean watchdog to focus on market stability in 2012 - Dec 30, 2011
- South Korean central bank freezes key interest rate - Jun 08, 2012
- South Korea's central bank leaves interest rates unchanged - Oct 13, 2011