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Wednesday, March 27, 2013

South Korea cuts estimates for Q4 GDP.

The Bank of Korea says GDP in South Korea grew 0.3% in Q4, a slight reduction from its initial estimate of 0.4%, as the impact of a weak yen continues to take its toll on exports. The central bank forecasts economic growth of 2.8% for 2013 after pegging GDP at 3.2% just a few months ago.

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