Koreans Feel the Pinch
South Korea has just experienced the worst single quarter economic growth in over three years. Falling investment numbers and slowing exports brought the nation's GDP to 0.7%. This fell short of the 1% gain originally estimated and was the weakest quarterly growth since the 4Q of 2004. Even though the nation is seeing increased inflation, it is highly probable that South Korea's central bank will lower interest rates as early as May. The economic outlook for the short-term is rather poor, with expectations that growth will continue to be slow through the next quarter. It is now believed that the…