Posted inChina, Japan, Northeast Asia, South Asia, South Korea

South Korea cuts 2017 GDP forecast on slump in spending, jobs

South Korea lowered its growth outlook for next year on Thursday as it saw weaker domestic demand and waning job growth holding back recovery in Asia’s fourth-largest economy. Corporate restructuring in the troubled shipping and shipbuilding sectors would hobble job growth next year, while consumption was expected to slow due to uncertainties inside and outside […]