A major Korean state-run think tank said Wednesday it maintains the country s economic growth outlook for this year at 2.2 percent as rising exports are projected to lead a gradual recovery despite weak domestic demand.
Korea has experienced a continued slowdown in private consumption and investment due to high interest rates, though rising exports mitigated an economic downturn, a state-run think tank said Wednesday.
Korea experienced a gradual easing of an economic downturn despite lingering external uncertainties on the back of a rebound in the production of semiconductors, a state-run think tank said Wednesday.
Korea s state-run think tank on Thursday maintained the country s economic growth outlook at 1.5 percent, unchanged from its estimate three months earlier.