Downside risks looming larger: finance minister

Korea Herald | Jun 14, 2019 at 6:12 AM
  • South Korea’s economy is increasingly facing downside risks amid the trade tussle between the United States and China, the country’s chief economic policymaker said Friday, stressing the need to take quick and bold actions to buttress the economy.
  • South Korea’s economy unexpectedly backtracked 0.4 percent from three months earlier in the first quarter, marking the slowest growth in more than a decade.
  • The country’s finance ministry is maintaining its growth estimate of between 2.5 percent and 2.6 percent but widely expected to trim it next month when it unveils the second-half economic policy road map.