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S. Korea’s central bank maintains 2023 growth outlook at 1.4 pct

SEOUL, Aug. 24 (Xinhua) — South Korea’s central bank on Thursday maintained its 2023 economic growth outlook while lowering next year’s growth forecast.

After the rate-setting meeting, the Bank of Korea (BOK) said real gross domestic product (GDP), adjusted for inflation, was forecast to grow 1.4 percent in 2023. It was unchanged from the estimate in May.

The BOK outlook was equivalent to the estimate fr