Moody's "Korean economic growth rate is estimated at 2.5% this year … 2.3% next year"
Input 2018.11.09 (21:14)
Modified 2018.11.09 (21:20)
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International credit rating agency Moody's estimates Korea's economic growth this year is 2.5 percent.
Moody's said in a report on global macroeconomic estimates released Wednesday that the economy will grow from 3.3 percent this year to 2.9 percent in 2019 and 2.7 percent by 2020, in particular, the slowdown in global trade will have a negative impact on open economies such as Japan, Korea and Germany. "
Meanwhile, the projected growth of the Korean economy for this year is 2.5%. This is 0.2 percentage points lower than the recent growth estimate (2.7%) from Bank Korea and the Korea Development Institute (KDI).
Moody's estimates Korea's 2019 economic growth will be 2.3 percent lower than this year. In 2020, the growth rate of the Korean economy will only be 2.5%. Moody's said uncertainty around US trade policies, external demand deteriorated, and the global financial tightening environment as a negative factor in Korea's growth rate.[사진 출처 : 연합뉴스]