South Korea GDP growth in third-quarter to be slower than second-quarter: finance ministry official

September 1, 2016 8:01 PM EDT

A man walks in a park at a business district in Seoul, South Korea, March 23, 2016. REUTERS/Kim Hong-Ji


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SEOUL (Reuters) - South Korea's growth is likely to be slower in the third quarter than the second, a finance ministry official said on Friday after central bank data showed growth of 0.8 percent over April-June.The official, who declined to give his name, said growth for this year will be in line with the government's forecast at around 2.8 percent, adding that the likelihood of a sharp downturn at this point was low.

(Reporting by Shin-hyung Lee; Editing by Eric Meijer)



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