S&P cuts S.Korean’s growth
Publish Date : 2019/09/25 - 08:22

Economist at S&P Global Ratings, the biggest risks to the South Korean economy is the growing deflationary pressure.

This institute cuts S. Korea 2019 GDP growth forecast to around 1.9% vs 2.0%, that for 2020 to around 2.2% vs 2.6%.

They see two more rate cuts by Bank of Korea by early 2020 vs. no cut seen previously.

Bank of Korea should focus on boosting inflation, instead of placing a priority on containing housing prices.

Source: Fxstreet

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