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(From Asia Pulse)
SEOUL, Dec 17 Asia Pulse - South Korean economy's potential growth rate was 4.8 per cent between 2000 and 2003, lower than the government's official estimate, the Bank of Korea said in a report Wednesday.
It is the first time the central bank has announced that the country's potential growth rate has fallen below 5 per cent.
So far, the government and central bank have said the country's potential growth rate remains in the 5-percent range.
The potential growth rate refers to a maximum pace at which an economy can grow without building up inflationary pressure.
According to the report, the country's potential …