Tag: economic outlook

economic outlook

Latest News

President Yoon Suk Yeol speaks at an annual meeting of Asian Development Bank last year. [JOINT PRESS CORPS]

OECD slashes Korea's growth projection to 2.5 percent

The OECD and ADB both project Korea's economic growth to be 2.5% for 2024, citing strong exports but weakened domestic demand.

2024.9.25

Federation of Korean Industries headquarters in Yeouido, western Seoul [YONHAP]

Korean companies expect subdued economy in October

Most Korean companies expect the country’s economy to underperform in October, with the Business Survey Index at 90.6, signaling a pessimistic outlook for the 19th consecutive month.

2023.9.26

Korea's GDP growth expected to fall short of 2% in 2024

The growth of Korea’s GDP is likely to linger at 1 percent in 2023 and 2024 according to foreign investment banks JP Morgan, HSBC, Citi, Nomura and UBS, bucking the government’s prediction for an economic rebound in the second half of this year.

2023.9.8

Finance Minister Choo Kyung-ho speaks during the National Assembly's Strategy and Finance Committee meeting in Yeouido, western Seoul, on Monday. [NEWS1]

Outlook lowered by weak exports, government optimistic

Global institutions are slashing Korea's growth outlook this year to a low 1 percent, citing weak exports and fiscal deficit. But the government remains optimistic, saying the economy will recover in the fourth quarter.

2023.5.22

Chon So-ra, left, a research fellow at the Korea Development Institute (KDI), and Jung Kyu-chul, director of macroeconomic analysis and forecasting at KDI, announce the think tank's economic forecast on Thursday at the government complex in Sejong. [YONHAP]

KDI lowers growth forecast, but expects rebound in 2024

The Korea Development Institute (KDI) on Thursday lowered its growth forecast for Korea this year from the previous 1.8 percent to 1.5 percent.

2023.5.11

ADB maintains 1.5 percent growth outlook on Korea for 2023

The Asian Development Bank (ADB) on Tuesday maintained its 1.5 percent growth outlook for Korea in 2023, citing continued uncertainties in the global economy. The latest estimate by the Manila-based bank remains unchanged from ...

2023.4.4

IMF revises down Korean growth outlook for 2023

Finance Minister Choo Kyung-ho speaks with Gita Gopinath, the first deputy managing director of the International Monetary Fund, at the government complex in Seoul on Tuesday.

2023.1.31

A customer shops at a store in Seoul on Tuesday. Consumer price is expected to continue to affect global economy in 2023. [YONHAP]

Korean 2022 growth forecast upped to 2.6 percent by IMF

The IMF lowered its outlook for Korea's growth next year to 2.0 percent from 2.1 percent. For the world, it is looking for 2.7 percent, down 0.2 percentage points from three months ago.

2022.10.11

Containers are unloaded at a dock in Busan. [YONHAP]

ADB lowers Korea's growth projection to 3 percent

The Asian Development Bank (ADB) lowered its projection for the growth of the Korean economy this year to 3 percent.

2022.4.6

Street performances return at Hongdae, Seoul, on Nov.7 as life is returning back to pre-covid. Such easing of social distancing is expected to boost domestic economy for 2022. [YONHAP]

KDI jacks up its growth projection for this year

The Korea Development Institute (KDI) raised its economic growth outlook for this year from 3.8 percent to 4 percent, citing robust exports.

2021.11.11

Tag: economic outlook

economic outlook

Latest News

OECD slashes Korea's growth projection to 2.5 percent

Korean companies expect subdued economy in October

Most popular

Veteran actors Yoo Hae-jin, Ryu Seung-ryong win Baeksang Grand Prizes — as it happened

BTS comeback: Bright lights and drone shows light up the sky as 'Arirang' finally arrives — as it happened

179 dead after Jeju Air flight 7C2216 crashes at Muan International Airport — as it happened

Rooney, Maicon, Park Joo-ho score as Shield United wins Icons Match in Seoul — as it happened

Kim Soo-hyun addresses Kim Sae-ron relationship — as it happened