S Korea cuts economic forecast due to global outlook
London - Arabstoday
South Korea's government has surprised investors by cutting its economic growth forecast, due to a projected slump in exports. The Ministry of Strategy and Finance says Asia's fourth-largest economy is likely to grow by 3.8% in 2011 and 3.7% in 2012. Previously, it had forecast expansion of 4.5% for both years. Meanwhile, South Korea's exports are set to slow to just 7.4% in 2012 from almost 20% in 2011, the ministry said. Exports account for about half of South Korea's economy. Global trade is expected to be hurt by economic weakness in Europe and America, two key destinations for South Korean products.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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