The Bank of Korea cuts its growth forecast and expects the country's GDP to shrink 1.3% this year. It would be South Korea's worst performance since the height of the Asian financial crisis in 1998.
The Bank of Korea cuts its GDP forecast to shrink at 1.3% this year. It would be South Korea's worst performance since the height of the Asian financial crisis in 1998 due to the effect of the COVID-19 pandemic.
The Bank of Korea cuts its growth forecast andexpectsthecountry'sGDPtoshrink 1.3% this year. It would be South Korea's worst performance since the height of the Asian financial crisis in 1998.