GDP growth forecast reduced to 3.4% for 2011.

By bne IntelliNews October 10, 2011
South Korea's Gross Domestic Product (GDP) growth has been reduced to 3.4% for this year, from the 4.1% growth forecasted earlier. As reported by Asia in Focus, the GDP forecast has been reduced to 4.1% for next year, as compared to 4.7% forecasted earlier. The reduction in growth forecast has been attributed to high vulnerability of the export-driven economy that could be affected by sagging demand in the United States and Europe as they fight against debt problems.

GDP growth forecast reduced to 3.4% for 2011.

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