South Korea finance minister sees political turmoil weighing on economic growth

Diana Nunuț

SEOUL: South Korea's finance minister said on Monday (Dec 23) some slowdown in economic growth would be unavoidable as the government prepares to revise forecasts for this year and next year due to the country's ongoing political turmoi l. "There are concerns that the sentiment may be weakening due to the recent political situation," Choi Sang-mok told reporters. "Due to many downside risks it is inevitable that next year's growth forecast will be lowered, and it is highly likely that it will