SKorea cuts growth outlook as Park storm bites

SEOUL: South Korea’s central bank on Friday cut its growth forecast citing “deteriorations in economic sentiment” as the country is rattled by the snowballing political turmoil engulfing impeached President Park Geun-Hye.

The already-struggling economy has taken a severe hit from an influence-peddling scandal that has brought hundreds of thousands of protesters onto the streets every week demanding Park’s removal.