South Korean Think Tank Halves 2025 Growth Forecast
South Korea's state-run think tank halved its growth forecast for the country this year, citing higher U.S. tariffs as a major downside risk to the export-led economy.
Global trade conditions have deteriorated after the Trump administration raised duties on imports sharply in April, the Korea Development Institute said Wednesday. The recovery in South Korea's domestic demand has also remained weak, it said.
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