SEOUL, Nov 7 (The Korea Herald/ANN): Global investment banking giants, including Goldman Sachs, JP Morgan and Citi have raised their 2020 average growth forecasts for South Korea’s economy, a report compiled by the Korea Center for International Finance confirmed.
The report came as the export-driven economy’s outbound shipments have been riding on a path to solid recovery. Korea’s current account surplus hit a two-year high in September as exports rebounded for the first time in seven months amid the global coronavirus outbreak, Bank of Korea data showed Thursday.