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S. Korea's potential economic growth down 0.4%p compared to 2017: OECD Updated: 2019-11-03 12:10:10 KST

South Korea's potential economic growth rate has fallen sharply for the third consecutive year.
According to the OECD, South Korea's potential economic growth is forecast at 2.7 percent for this year, down 0.2 percentage points from last year and 0.4 percentage points lower compared to 2017.
Only two other countries in the OECD, namely Turkey and Ireland, saw their growth potential deteriorate faster than that of Korea's.
Experts say the Korean economy is in need of structural reforms, citing limitations in expansionary fiscal and monetary policies to sustain long-term growth.
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