SEOUL, Dec. 12 (UPI) -- Experts have warned that South Korea's economy may be headed towards a recession, the Korea Times reported Sunday.
A report by economist group Deutsche Securities has said South Korea may experience a recession due to sluggish domestic demand and export slowdown.
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An economy is considered in recession when it contacts for two consecutive quarters, the Korea Times said.
An analyst for the firm, Steve Marvin, said the government's pump-priming measures and credit-easing campaign were not enough to stop the consumer sentiment index hit rock bottom in November.
