'Korean economy may lose steam due to household debts'

Published : Aug 23, 2021 – 18:02 Updated : Aug 23, 2021 – 18:02 | More article by this Writer Cargo ships docked at a port in Busan, Monday. (Yonhap) South Korea's economy will grow 3.9 percent this year, an Asian regional macroeconomic surveillance organization said Monday, presenting a more pessimistic outlook than what the government forecast citing growing household debts. The ASEAN+3 Macroeconomic Research Office said Asia's fourth-largest economy continues its strong rebound in 2021 buoyed by a sustained global recovery and robust demand for electronics and autos. But it warned that the country's growing household debt could undermine…