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Economy

South Korea cuts growth outlook as exports lose steam

Slowdown compounds Moon's headaches as hopes for North Korea progress fade

South Korean President Moon Jae-in visits a plant in the struggling southeastern region of Yeongnam.

SEOUL -- The South Korean government on Monday downgraded its economic growth estimate for this year as capital spending and exports lose momentum amid the U.S.-China trade war, adding to the woes of a president already struggling with falling public support.

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