Moody's lowers S. Korea's growth outlook to 2.5%
Moody's Investors Service on Thursday forecast South Korea economy will grow 2. The credit ratings agency revised its forecast, citing risks from rising energy and commodities costs, China's slowdown and decreasing demand from Europe.
The company said in March Asia's fourth-largest economy will see its gross domestic product grow 2. Moody's raised its outlook for the nation's 2023 growth to 2.
The agency lowered its forecast for Group of 20 countries' growth this year from 3.
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