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South Korea central bank trims GDP, inflation forecasts
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Apr 15, 2012
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<p><a href="http://news.yahoo.com/south-korea-central-bank-trims-gdp-inflation-forecasts-000202523.html"><img src="http://l.yimg.com/bt/api/res/1.2/aG1Ic4pPR6GL4PXT.LdkUQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-04-16T000202Z_1_CBRE83F003K00_RTROPTP_2_KOREA.JPG" width="130" height="86" alt="An employee of the Bank of Korea moves packs of banknotes during a photo call at the bank's headquarters in Seoul" align="left" title="An employee of the Bank of Korea moves packs of banknotes during a photo call at the bank's headquarters in Seoul" border="0" /></a>SEOUL (Reuters) - South Korea's central bank on Monday trimmed its forecast for economic growth in Asia's fourth-largest economy this year due to a global downturn and weak domestic demand. The Bank of Korea said it expected gross domestic product to grow a real 3.5 percent, down from its previous forecast in December last year for 3.7 percent growth. The revision was attributed to a weaker contribution from foreign trade as well as rising commodity prices. Annual private consumption growth was also seen weaker at a real 2.8 percent from 3.2 percent previously. ...</p><br clear="all"/>
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