IMF could lower Korea's growth forecast for next year to below 3%

IMF 한국 경제성장률 전망 하향 시사 More alarming figures may be down the road,… following the OECD's recent projection for the Korean economy. The International Monetary Fund has hinted at a potential downward revision for Korea next year,... to below the three-percent mark. Koshy Mathai, the IMF's deputy division chief, said at a seminar in New York that the current growth forecast of three-percent should be adjusted downward,… citing five factors like the dangerous level of household debt and the low labor market participation rate for women and young Koreans. He said,... in the long-term, the shrinking working population could even bring economic growth down into the one-percent range. The IMF projected that Korean economy would grow 2-point-7 percent this year and three-percent the next. Earlier, the OECD also cut forecast for next year to 2-point-6 from original three percent. Visit ‘Arirang News’ Official Pages Facebook(NEWS):   / newsarirang   Homepage: http://www.arirang.com Facebook:   / arirangtv   Twitter:   / arirangworld   Instagram:   / arirangworld