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Moody's forecasts S. Korea's economic growth for 2020 at 2.1% Updated: 2019-11-19 16:52:49 KST

Credit ratings agency Moody's forecasts South Korea's economy to grow next year at a relatively weak 2.1 percent.
It's also pessimistic about Korean companies.
Moody's said told a press briefing in Seoul today that export dependent companies are seeing weaker profitability because of trade disputes.
This is especially true, it said, for industries that are in a down cycle like semiconductors and chemicals.
The agency has given negative outlooks to 14 out of 24 rated companies.
Korea's sovereign credit rating, however, will stay at the second-highest level of double-A.
KOGL : Korea Open Government License
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