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The Bank of Korea lowers its economic outlook for the year to 3.5% growth from the previous...

Apr. 16, 2012 3:41 AM ETEWY, SKOR-OLDBy: Rachael Granby, SA News Editor
The Bank of Korea lowers its economic outlook for the year to 3.5% growth from the previous estimate of 3.7%. The central bank believes a 0.3% contraction in the eurozone this year will slow global trade while elevated oil prices contribute to inflation risks.

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