Korea hopes to contain the economic fallout from MERS with a big stimulus package

Korea's government just slashed its economic growth forecast down to 3.1% from 3.8% and announced a fiscal stimulus package in response to the MERS outbreak that's taken a toll on its economy. Details about the exact size and composition of the package are expected after the government holds a meeting in early July. However, according to reports, it'll be worth at least 15 trillion won (~$13.5 billion) -- 1% of the country's GDP -- and will primarily pump up the services sector. "The announce...