Subscribe
Business

SKorea cuts growth forecast, plans stimulus

By Youkyung Lee
Published
Add Washington Examiner on Google

SEOUL, South Korea (AP) — South Korea’s government cut its forecast for growth in Asia’s fourth-largest economy this year as exports stumble due to muted global demand and a weaker yen.

The finance ministry said Thursday that South Korea’s economy will expand 2.3 percent this year. Three months ago it forecast 3 percent growth for 2013.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.