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South Korea Cuts Outlook, Plans Stimulus Package

South Korea's government lowered growth outlook for Asia's fourth-largest economy and planned a supplementary budget for a second year in a row as the global economy faces heightened uncertainty. The Finance Ministry said Tuesday that the economy will likely expand 2.8 percent this year, down from its December prediction of 3.1 percent. That would mark a slight improvement from last year but slower growth than 2014. Jobs would be a primary goal as the government plans a...

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