morgan stanley cuts s korea growth forecast
Last Updated : GMT 09:07:40
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Last Updated : GMT 09:07:40
Egypt Today, egypt today

Morgan stanley cuts S. Korea growth forecast

Egypt Today, egypt today

Egypt Today, egypt today Morgan stanley cuts S. Korea growth forecast

Seoul - Yonhap
Global investment banking giant Morgan Stanley downgraded its 2011 economic growth forecast for South Korea on Thursday, citing external shocks and worsening domestic conditions. South Korea's gross domestic product (GDP) is expected to grow 3.8 percent this year, down from an earlier estimate of 4.5 percent, Morgan Staley said. The revised estimate is below the South Korean government's target of 4 percent.
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morgan stanley cuts s korea growth forecast morgan stanley cuts s korea growth forecast



 
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