South Korea's economic growth slows in Q1

An extended export slump and weakening domestic consumption saw South Korea's economic growth slow in the first quarter, despite record low interest rates, the central Bank of Korea said on Tuesday. Exports, which account for nearly half of the South Korean economy, have been in decline for 15 straight months, while household debt has spiralled, hitting about $1 trillion at the end of December. Last week, the central bank cut its growth outlook for 2016 to 2.8 percent, but kept interest rates on