Growth rate in Korea at second-lowest: ADB

Korea's economic growth rate for 2006 will be the second-lowest out of a dozen Asian economies, the Asia Development Bank predicted in a report.

Somewhat dampening expectations for a speedy recovery, the country's gross domestic product is expected to register an annualised growth rate of 4.7 percent according to Asia Economic Monitor, a regional report issued by the bank.

The report went on to elaborate that due to runaway oil prices and softer growth at major industrial economies, deceleratio

To continue reading...