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BOK: S. Korea Faces Increased Economic Uncertainties

Written: 2016-02-16 14:26:00Updated: 2016-02-16 14:39:45

BOK: S. Korea Faces Increased Economic Uncertainties

The Bank of Korea(BOK) has become more pessimistic about the South Korean economy.
  
The central bank said in a monetary policy report Tuesday that the nation appears to be facing increased uncertainties on its wobbly recovery path.
  
On the internal front, the BOK pointed to a growing slump in exports and a feeble recovery in domestic consumption.
  
It cited weakening economic recovery trends in the U.S. and Europe and a slowdown of growth in emerging economies as external woes.

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