The Wall Street Journal on the outlook in South Korea:
South Korean Finance Minister Choi Kyung-hwan says the country has cut its growth forecast because of the risks from China's slowdown. He was speaking with the Journal on the sidelines of the G20 meeeting
- A sharp deterioration of the Chinese economy would have an "extremely huge impact" on South Korea
- But says a 'hard landing' for China is unlikely
- South Korea cut its own growth forecast for 2016 to 3.3% from 3.5%
- Budget details will be announced on Monday
For this year, there is no change to the forecast of 3.1% growth.
Journal may be gated, link: South Korea Cuts Growth Forecast on Chinese Slowdown Risk
