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Bank of Korea Trims 2016 Growth and Inflation Forecasts - WSJ The Bank of Korea revised down its estimate for gross domestic product growth to 3.0% for 2016 from its previous forecast of 3.2%, BOK Governor Lee Ju-yeol said. Korea's economy expanded an ... South Korea Fiscal Deficit Seen at Seven-Year High in 2016 The budget plan, announced Tuesday by the Ministry of Strategy and Finance, shows the government's total spending for 2016 will increase by 3.0% to 386.7 trillion won ($321 billion)—11.3 ...

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