Bank of Korea Lowers This Year's Growth Rate from 2.3% to 2.1% (Update)
[Asia Economy Reporter Jang Sehee] The Bank of Korea announced on the 27th that it has revised down its economic growth forecast for this year from 2.3% to 2.1%. The growth forecast for 2021 is 2.4%.
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Meanwhile, the consumer price inflation rate is projected to be 1.0% this year and 1.3% in 2021, respectively.
This content was produced with the assistance of AI translation services.
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