BOK likely to trim growth outlook.......>

SOUTH KOREA: BOK likely to trim growth outlook again (Yonhap)

- The Bank of Korea (BOK) will slash its growth outlook for the local economy

this year and also for next year, market watchers said Monday, adding that the

only question remaining is how gloomy the central bank's outlook will be for

Asia's fourth-largest economy. The BOK is set to offer its fourth and latest

growth outlook for the year on Friday, shortly after its monetary policy board

will hold its final rate-setting meeting of the year. So far, there has been a

steady decline in the BOK's 2019 growth estimates, which slipped from 2.7

percent last year to 2.6 percent in January, 2.5 percent April and 2.2 percent

in July. Many expect the central bank to further slash its 2019 growth outlook

to around 2 percent, in line with growth projections by other local and

international organizations.

- Link: https://en.yna.co.kr/view/AEN20191125002900320?section=economy/economy