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Korea's Economic Growth Will Ease In 2011 But Remain Strong, Says S&P Guest Opinion Article Sep 11
Standard & Poors, September 2011
TOKYO (Standard & Poor's) Sept. 14, 2011--Standard & Poor's Ratings Services expects The Republic of Korea's (foreign currency rating A/Stable/A-1; local currency rating A+/Stable/A-1) economic growth to ease in 2011 after having reached 6.2% in 2010. The Korean government cut its growth forecast by 50 bps to 4.5% for 2011, citing weakening domestic demand amid rising oil prices, as well as lingering risks in advanced economies. Next year, we believe the easing is likely to continue, with growth of 4.3% as domestic inflation, tensions with North Korea, and other risks heat up. That's according to a guest opinion article recently published by Standard & Poor's, titled "Korea's Economic Growth Will Ease In 2011 But Remain Strong." In the article, CRISIL...
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.