ADB-economic outlook ADB slashes S. Korea's growth outlook for 2023 to 1.3 pct By Kang Yoon-seung SEOUL, July 19 (Yonhap) -- The Asian Development Bank (ADB) on Wednesday slashed its growth outlook for the South Korean economy to 1.3 percent, citing sluggish exports and investment. The downward revision came three months after the Manila-based bank suggested a 1.5 percent rise for Asia's fourth-largest economy. Earlier this month, the South Korean government also cut its growth forecast for this year by 0.

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