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Monday, October 24, 2016

South Korea’s GDP may fall because of problems with Samsung Galaxy Note 7

Central Bank of South Korea lowered the forecast of growth of national GDP in 2017 by 0.1% due to problems with recall of smartphones Galaxy Note 7 Samsung Electronics. Initially, the GDP was assumed at the level of 2.9%.

We will remind, the company announced a massive recall and suspension of sales of Galaxy Note 7 due to problems with batteries device that could spontaneously explode. In the result, Samsung suffered a loss in the amount of about $ 1 billion.


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