SEOUL, South Korea | South Korea’s central bank cuts outlook on trade battle

12Jul - by Editor - 0 - In STL.News



SEOUL, South Korea — South Korea’s central bank cut its forecast on the country’s economy Thursday, citing mounting uncertainties from the U.S.-China trade battle.

The Bank of Korea said it lowered its growth outlook on Asia’s fourth-largest economy to 2.9 percent this year, compared with its earlier forecast of 3 percent growth.

The bank said the spiraling trade battles between the world’s two largest economies increased potential risks to South Korea.

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