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Forecast for S. Korean economy downgraded: think tank
By Koh Byung-joon
SEOUL, March 2 (Yonhap) -- A major private think tank Sunday downgraded its projection for the South Korean economy's growth this year, reflecting concerns over a possible U.S. slowdown and financial woes in global markets.
South Korea's economy will grow 4.7 percent for this year from the 5 percent advance previously forecast, the Samsung Economic Research Institute (SERI) said in a report. Asia's fourth-largest economy is projected to expand 4.9 percent in the first half and gain 4.4 percent in the next six months.
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