Economy
IBs maintain steady growth outlook for S. Korea
July 19, 2020
Major global investment banks (IBs) maintained their revised-up growth outlook for South Korea's economy, a report showed Sunday, despite a gloomier outlook recently portrayed by the country's central bank. In June, nine global investment banks forecast the South Korean economy to contract 0.4 percent from a year earlier in 2020, unchanged from their estimate tallied in May, according to the report from the Korea Center for International Finance (KCIF). In May, the nine investment ban