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BOK raises South Korean GDP forecast to just under zero for 2020

Central bank lifts projection to minus 0.1%, while holding key rate

A shopkeeper waits for customers outside a restaurant in a Seoul shopping district on Tuesday.   © Reuters

SEOUL -- The Bank of Korea raised its forecast for South Korea's economic growth to minus 0.1%, saying that a quick recovery in exports will help the country overcome a pandemic-induced recession.

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