Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 301.11

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Jan 9 9:30 AM EST

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To: Proud_Infidel who wrote (112)	10/29/2001 8:28:27 AM
From: Proud_Infidel	Read Replies (1) of 25522

Korea Development Institute Downgrades Growth Outlook for 2002 October 29, 2001 (SEOUL) -- The state-run Korea Development Institute said Korea's economy is expected to grow 2.2 percent this year and 3.3 percent in 2002, down from the previous forecasts. The institute released the data in an economic growth outlook. KDI researchers said a slowdown in the economy is expected to continue due to softening exports. KDI said that the Korean economy is expected to grow 0.9 percent during the third quarter and 1.6 percent in the fourth quarter. The gloomy outlook has been influenced by falling demand from large overseas markets, including Japan and the United States. In a bid to tackle difficulties in the economy, KDI advised that the central Bank of Korea should use monetary policies, including a short-term rate cut. The institute added that interest rates will likely stabilize at the 3 percent level in 2002. (Maeil Business Newspaper, Korea)

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