S. Korea’s eco­nomic out­look ex­pected lower

China Daily (Hong Kong) - - BUSINESS -

The out­look for South Korea’s eco­nomic growth in 2017 was ex­pected to be low­ered by the Bank of Korea on un­cer­tain­ties at home and abroad, the cen­tral bank said on Thurs­day. The bank said in its ac­tiv­ity re­port to the Na­tional As­sem­bly that un­cer­tain­ties about the growth path of Asia’s No 4 econ­omy had in­creased be­cause of al­tered con­di­tions at home and abroad. The US Fed­eral Re­serve’s in­ter­est rate hike in De­cem­ber, the spread­ing pro­tec­tion­ist moves and po­lit­i­cal un­cer­tainty, were cited by the bank as down­side risk fac­tors to the econ­omy.

YANG BO / CHINA NEWS SER­VICE

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