(MENAFN) Overseas investment banks showed that South Korea's economy is expected to grow 3.9 percent next year, or up 0.3 percent compared to this year, QNA reported.
Financial industry sources and the Korea Center for International Finance said that seven foreign investment banks expected that South Korea's economy to grow 3.91 percent next year.
The figure is similar to the projection that the Bank of Korea unveiled earlier this month and lower than the government forecast of 4%, according to Korea's (KBS WORLD) website.
The seven investment banks that issued the latest projection are BNP Paribas, Barclays, Citigroup, Deutsche Bank, Goldman Sachs, Morgan Stanley and Nomura Holdings. The seven institutions projected that South Korea's average economic growth for this year will stand at 3.61%.
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