South Korea economy heads for slowdown

South Korea posted a strong growth rate of 9.2% in the third quarter, but analysts warn that the economy could begin looking much weaker in the fourth quarter because of increased bankruptcies for debt-heavy companies and resulting job losses.

The central bank in Seoul, releasing the the third-quarter economic data yesterday, said consumption and investment had slowed significantly since last month. Economists believe the threat of higher unemployment will depress consumer spending. The recen