The Korea Herald

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[Graphic News] Investment Banks cut global growth outlook to 2.9%

By Korea Herald

Published : July 8, 2013 - 20:09

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The average global economic growth outlook for this year provided by 11 foreign investment banks in June was 2.9 percent, a 0.2 percent decrease from the 3.1 percent previously estimated at the end of last year. Korea’s growth forecast was reduced to 2.7 percent from 3.0 percent. The figure was compiled by Yonhap News based on data from financial institutions.