South Korea's central bank lowers growth outlook on Brexit

July 14, 2016 9:11 AM

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SEOUL, South Korea – South Korea's central bank has lowered its growth outlook on Asia's fourth-largest economy citing Britain's decision to leave the European Union.

Bank of Korea said Thursday South Korea's economy will likely expand 2.7 percent this year, compared with its April prediction of 2.8 percent. Next year, it will eke out just 2.9 percent growth.

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