South Korea’s economy to grow by 4.4% in 2005
The Korea Economic Research Institute (KERI) said that it expects South Korea's economic growth to weaken next year due to slowing exports and sluggish domestic consumer activity. Economic growth is expected to be 4.4% in 2005. KERI also forecasts country's economic growth rate to decelerate to 4.6% in the second half of the year. The world's eleventh largest economy expanded by 5.4% in the first half of the year.