World Economy

S. Korea Economy Slows

S. Korea Economy SlowsS. Korea Economy Slows

South Korea’s economy slowed sharply in the final quarter of 2014, with growth hovering around six-year lows, knocked by weak government spending and global demand and heaping pressure on the central bank to cut interest rates further, Reuters said. Asia’s fourth-largest economy grew a seasonally adjusted 0.4% in the October-December period on-quarter, central bank estimates showed on Friday.