Korea: economic turmoil to peak in Q1

Note: This section contains information in English only.
Source: Marketawtch
The economic turmoil is likely to peak in Q1 of 2012 in Korea, said Bahk Jae-wan, South Korean Finance Minister. However, the risks of weak economic performance are expected to ease in the next quarters before arising again in the last quarter of 2012, he claimed. The Bank of Korea expected the GDP growth to hit 3.7% in 2012 as compared to 3.6% expansion in 2011.


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