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South Korea central bank trims potential economic growth rate to around 3.5%

Thursday, January 15, 2015 - 13:45
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The potential growth rate of South Korea's economy is around 3.5 per cent, a central bank official said on Thursday.

[SEOUL] The potential growth rate of South Korea's economy is around 3.5 per cent, a central bank official said on Thursday.

"When we last officially published our estimate for the potential growth rate in 2013, it was around 3.7 per cent. However, now due to structural issues like an ageing economy that growth rate has been heading down and is estimated to stand around 3.5 per cent today," said Shin Woon, an official at the central bank.

REUTERS