The Asian Development Bank has issued a fresh warning over South Korea’s overheated property market ignited by loose credit policies in recent years.
The bank cautioned that growth in Asia’s fourth-largest economy would slow further this year and in 2019 not only because of the ongoing US-China trade war, but also due to the high degree of vulnerability from its housing sector.
The internal and external factors had warranted the ADB to lower South Korea’s growth projection to 2.9…
Source : South China Morning Post
Read more…South Korea’s overheated property market to hurt economic growth in 2018 and 2019, warns ADB
