Economics
IMF Set to Pare South Korea 2013 Growth Estimate to About 3%
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The International Monetary Fund is likely to pare its forecast for South Korea’s economic growth for 2013, catching up with reductions by the nation’s central bank and finance ministry.
The full-year expansion may be about 3 percent, compared with a 3.9 percent estimate in September last year, country mission chief Hoe Ee Khor said in an interview in Seoul after meeting with South Korean officials last week. He didn’t say when a new estimate may be released.