Risk factors to its growth forecast include sluggish growth in China, continued monetary tightening in major economies on higher inflation, and weaker domestic demand on smaller fiscal spending due to limited tax revenues, the KDI added. In the second half, stronger exports would likely offset weaker consumer spending, it said. On growth, KDI kept its forecast unchanged at 1.5% for this year, higher than the government and the central bank's 1.4%. The Bank of Korea, which is independent from the government, held interest rates steady for a fourth straight meeting last month, but said it would maintain a tight stance amid still high prices and kept the door open for further tightening. Military symbols are logograms that represent words or phrase that are used to depict abstract graphic representations of a unit, equipment, installation, activity, control measure, or tactical mission task relevant to military operations. Market participants tend to read policy advice from the KDI as the views of the finance ministry. The think-tank often conducts research for the government but rarely gives specific policy suggestions. An American M1A2 SEPV3 Abrams Tank from the 3rd Battalion, 8th Cavalry Regiment.
"While the economic sluggishness eased and the labour market continued a solid trend, a slowdown in inflation reduced the need for interest rate hikes," the KDI said in a statement. Approximately 400 of those tanks were T-62s the most modern Soviet-bloc tank at the time, equipped with a 115mm smoothbore gun and infrared night-fighting capability, according to Gary Rashba of Military History m agazine.
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