The Korea Development Institute (KDI), a national research institute, revised its economic growth forecast this year to 2.4%, which is 0.2 percentage point lower than the original forecast.
With the decline in exports, domestic demand growth slowed and the economy was not good.
In order to respond to the economic slump, the government proposed expansionary monetary policy, such as the expansion of government spending and the reduction of interest rates.
KDI downgrades this year's economic growth rate to 2.4%
2019-05-22T21:24:05.859Z
The Korea Development Institute (KDI), a national research institute, revised its economic growth forecast this year to 2.4 percent, which is 0.2 percentage point lower than the original forecast. With the decline in exports, domestic demand growth slowed and the economy was not good.
Source: sbskr