Think tanks revise down 2014 growth estimate
Korea ferry disaster
Seoul - Yonhap
Private and state-run think tanks have lowered their 2014 economic growth forecasts, according to reports out Sunday, citing a protracted slump in consumption in the aftermath of a ferry disaster.
The Hyundai Research Institute (HRI) had earlier expected South Korea's gross domestic product (GDP) to grow 4 percent in 2014.
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