September 09, 2020 08:24
Global ratings firm Fitch has slashed Korea's economic growth forecast for this year by 0.2 percentage point to -1.1 percent due to the recent resurgence of COVID-19 here.
However, in its report Tuesday, Fitch noted that the contraction is less pronounced than in other countries thanks to successful quarantine measures.
It predicted that the country's economy would see a continuous recovery.
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