ARIRANG NEWS 10:00 Hello and welcome... it′s 10am on Friday the seventh of November... you are tuned in to our mid-morning newscast here on Arirang TV. Thanks for joining us,... I′m Mark Broome. Let′s take a look at what′s making the headlines. The OECD says it expects the South Korean economy to grow three-point-eight percent next year.... slightly lower than the Korean government′s forecast of four percent. Korea will send an advance medical team of eleven officials to Ebola-stricken Sierra Leone for nine days starting next week. Plus,... the United Nations begins discussions on referring the North Korean leadership to the International Criminal Court for its grave human rights violations. Title: OECD forecasts Korean economy to grow 3.8% next year The OECD has revised down Korea′s growth outlook for next year. It also says major risks are on the horizon for the global economy if advanced nations don′t step up their growth-supportive policies. Kim Min-ji reports. The OECD says it expects the Korean economy to grow 3-point-8 percent in 2015. The research body on Thursday released the preliminary forecasts for major economies ahead of the G20 Summit set to open next week in Brisbane. The projection is 0-point-4 percentage points lower than its previous forecast made in May,... and slightly under the Korean government′s forecast of four percent. However, the OECD expects Korea to grow 4-point-1 percent in 2016. For the global economy, the OECD also revised down its forecast by 0-point-1 percentage point to 3-point-3 percent this year. "Unfortunately, growth rates continue to disappoint. Once again we have marked down global growth." However, the OECD does expect the global economy to accelerate to 3-point-7 percent next year,... and 3-point-9 percent in 2016. The organization says the recovery remains robust in the U.S. projecting growth of more than 3-percent for 2015. This is in contrast to the eurozone,... which is expected to pick up slowly from point-8 percent this year,... to 1-point-1 percent next year. As for China, the world′s second largest economy, the OECD estimated growth would slow from 7-point-3 percent this year to fall into the 6-percent range in 2016. Citing downside risks, such as threats of a prolonged stagnation in the euro area,... market volatility,... and high levels of debt in some advanced and emerging economies,.. the OECD stressed the need for monetary, fiscal and structural policies. It added that reforms to tax, trade, labor, and product markets will benefit domestic investment and global trade, and support greater employment around the world. Kim Min-ji, Arirang News. Title: Korea has one of lowest consumer sentiments in world: Nielsen Despite the slow inflation,... Korea appears to have one of the lowest consumer sentiments in the world. A survey of 30-thousand shoppers by market tracker Nielsen shows Korea ranked fifty-seventh out of 60 countries in terms of how much the co

• published: 07 Nov 2014
• views: 3