November 29, 2019 11:53 AM

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S Korea cuts growth forecast to weakest in decade

<span style="color: #222222;">In South Korea, the central bank today cut its growth forecast for this year to two percent, which would be the weakest rate in a decade.<br />''</span><br />'' <span style="color: #222222;">The two per cent figure would be the slowest expansion since 2009, when the country posted 0.8 percent growth in the wake of the global economic crisis.<br />''</span><br />'' <span style="color: #222222;">The world's 11th-largest economy is highly dependent on international commerce but is grappling with the fallout of a prolonged China-US trade dispute and embroiled in a spat of its own with neighbouring Japan.</span><br />''  <br />

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