S Korea growth may miss government’s 2.4% target

Bloomberg

South Korea’s economic growth may miss the government’s target of 2.4% to 2.5% this year, Yonhap News Agency reported, citing the finance minister.
Growth is more likely to meet the projections of International Monetary Fund and the Organization for Economic Cooperation & Development, the news agency cited Hong Nam-ki as saying in Washington, where the Group of 20 nations’ finance ministers and central bank governors met.
IMF and OECD forecast Asia’s fourth-largest economy will expand at 2% and 2.1%, respectively.
The finance ministry lowered its growth forecast for the year to 2.4% to 2.5% in July, reflecting the vulnerability of the economy to external forces,
including the protracted US-China trade war. The revision preceded the escalation in trade tensions between South Korea and Japan.