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IMF's economic growth forecast for South Korea lowered to 2.8% from 3.0% Updated: 2018-10-10 07:35:11 KST

The International Monetary Fund has lowered its 2018 economic growth forecast for South Korea from three percent to two.eight percent.
In its World Economic Outlook report, the IMF also pulled down its outlook for the nation's economic growth rate next year to two.six percent, down zero.three percent from its original forecast.
The world economic growth rates for this year and next were also lowered by zero.two percent due to trade conflicts, and risks from unstable financial markets in emerging countries.
The IMF advised countries to expand their financial resources and base their monetary policy on their individual circumstances.
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