South Korea cuts 2017 growth fore­cast to 2.6 per­cent. South Korea has

The Denver Post - - BUSINESS -

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.

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