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Korea’s growth forecast by the central bank was lowered to 2.6% from 2.8% due to prolonged uncertainties over the global economy. Recently, the central bank cut its key base rate from 2.75% to 2.5%. Although uncertainties surrounding the Korean economy still persist, the government expects that the economy will steadily recover due to its fiscal stimulus measures and monetary policy.
Source : Cushman & Wakefield
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