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Major institutions keeps Korea's growth forecast at 3.8% Updated: 2014-06-20 07:52:10 KST

Major investment banks have maintained their growth forecast for the Korean economy at an average of 3.8-percent this year despite the April ferry disaster.
Eight leading institutions, including Goldman Sachs and Nomura, said they expect the Korean economy to continue on the path to recovery, driven by strong exports.
However, they did point to lingering risks to the economy's fundamentals, including growing household debt and the falling profitability of exports due to the strong Korean won.


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