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MERS, drought stifled South Korea growth in Q2: minister

South Korea’s economic growth in the three months to June will be “much lower” than the previous quarter due to drought and an outbreak of the MERS virus, Finance Minister Choi Kyung-Hwan said Tuesday. Domestic demand had been gradually recovering this year, backed by the government’s expansionary policies and efforts to bolster the real estate market, Choi told reporters. “However the recovery was dampened by the outbreak of MERS and