Moody’s forecasts S. Korea’s economic growth for 2020 at 2.1%

Moody’s forecasts S. Korea’s economic growth for 2020 at 2.1%


credit ratings agency Moody’s forecast
South Korea’s economy to grow next year and I read it relatively weak 2.1
percent it’s also pessimistic about Korean companies moody said told a press
conference in Seoul today that export dependent companies are seeing weaker
profitability because of trade disputes this is especially true it’s 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 sovereign
credit rating however will stay at the second highest level of double-a

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