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Fitch Ratings lowers S. Korea's 2020 growth forecast by -0.9 percentage points to -1.1% Updated: 2020-09-09 06:00:05 KST

Fitch Ratings has slashed South Korea's 2020 economic growth forecast by point-nine percentage points to minus one.one percent.
In a report Tuesday, Fitch said it was due to the recent resurgence in COVID-19 in South Korea.
However, Fitch noted that Seoul's economic recession is less pronounced than most other countries.
Fitch also praised South Korea's successful quarantine measures and forecasts the recovery to continue in the second half of 2020.
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