Korean economy to grow 2.8% this year: analysts

South Korea's economic growth rate for this year is expected to beat the government's estimate on the back of its economic stimulus measures including an extra budget, analysts said Friday.

Ten major securities firms' average economic growth outlook for 2013 came in at 2.8 percent, 0.5 percentage point higher than the 2.3 percent projected by the government last month, according to the analysts polled by Yonhap News Agency.

Woori Investment & Securities Co. and Hyundai Securities Co. expected the highest rate of 3.1 percent, while Samsung Securities Co. anticipated the lowest with 2.6 percent. (Yonhap News)

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