August 25, 2012

Korea's Economy a Ticking Time Bomb

Korea Times, Korea Times

AP Photo

Most worrisome is that the Korean economy is slipping into a deep downturn ― this year’s GDP growth is certain to fall below 3 percent. If low growth continues in the years to come, the real estate market will remain in the doldrums and job creation will become harder. This will make it difficult for borrowers to earn more and pay back loans.

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TAGGED: global economy, Korea

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