South Korea cuts 2017 growth forecast to 2.6 percent. South Korea has
revised its growth outlook for 2017 citing increased uncertainties in the United States — officials cited interest rate increases and uncertain future trade policies — and a sagging recovery in domestic consumption.
South Korea’s finance ministry said Thursday that Asia’s fourth-largest economy will likely expand 2.6 percent next year, the same pace as its outlook for 2016, down from its earlier forecast of 3.0 percent.
The government is planning a 20 trillion won ($16.5 billion) stimulus package.