KDI Downgrades S. Korea’s Economic Growth to 3.7% This Year

SEOUL, May 28 (Korea Bizwire) – The Korea Development Institute, South Korea’s think tank, has downgraded the estimated economic growth on the ground that the aftereffect caused by the Sewol ferry incident and lower consumer spending druing the first quarter will linger on for some time now. On May 27, the state-run economic think tank predicted this [...]