Business

South Korea cuts growth outlook on ferry disaster

By Youkyung Lee
Published July 10, 2014 10:14am ET
Add Washington Examiner on Google
South Korea cuts growth outlook on ferry disaster
People pass by 2014 Asian Games posters at a subway station in Seoul, South Korea, Thursday, July 10, 2014. North Korea's Korean Central News Agency on Thursday said the North proposed a meeting at a border village next Tuesday to discuss its Asian Games participation.(AP Photo/Ahn Young-joon) | Ahn Young-joon

SEOUL, South Korea (AP) — South Korea’s central bank said economic growth will be slower than expected this year because consumer spending has waned following a deadly ferry sinking.

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

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

Asia South Korea Transportation