Bank of Korea governor Rhee Chang-yong. — Bloomberg
SEOUL: Bank of Korea (BoK) governor Rhee Chang-yong says economic growth may be closer to 2.2% this year in a downgrade from a previous projection, as policymakers keep a watchful eye on the current health of the economy.
The outlook for South Korea’s economic growth turned less optimistic last week after the central bank reported gross domestic product grew just 0.1% in the third quarter from the previous three-month period, as exports weakened.
