S. Korea’s potential economic growth down 0.4%p compared to 2017: OECD


South Korea’s potential economic growth
rate has fallen sharply for the third consecutive year according to the OECD
South Korea’s potential economic growth is forecast at 2.7 percent for this year
down 0.2 percentage points from last year and zero-point-four percentage
points lower compared to 2017 only two other countries in the OECD
namely Turkey and Island saw their growth potential deteriorate faster than
that of Korea’s experts say the Korean economy is a need of structural reforms
citing limitations in the expansionary fiscal and monetary policies to sustain
long-term growth

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