Tag: growth forecast

growth forecast

Latest News

Korea likely to continue solid growth driven by robust chip exports

The Bank of Korea raised its growth forecasts as robust semiconductor exports boost incomes and broader domestic demand.

2026.10.12

AMRO lifts Korea growth forecast to 3.3%

The regional surveillance body raised its 2026 forecast for Korea while warning that weaker AI demand and higher energy costs could pose risks.

2026.10.5

IMF raises economic growth outlook for Korea to 1.9%

The International Monetary Fund (IMF) raised its economic growth outlook for Korea this year to 1.9 percent, up 0.1 percentage point from the October 2025 forecast, amid the global surge in AI investment and accommodative financial conditions.

2026.1.19

Shipping containers are stacked up at a port in Busan on Aug. 1 [JOONGANG PHOTO]

OECD maintains Korea's 1.5% growth forecast

The OECD has maintained Korea's growth forecast at 1.5 percent due to uncertainties caused by inflation and slowing Chinese growth. The inflation estimate for Korea remains at 3.4 percent for this year.

2023.9.19

Containers stacked up at a port in Busan on Aug. 1 [NEWS1]

Global investment banks anticipate sluggish Korean economy

Global investment banks estimate Korea’s economic growth will average 1.9 percent next year, down from the 2 percent projected in June, according to the Korea Center for International Finance on Monday.

2023.8.14

A customer pumps gas into a vehicle at a gas station in Seoul on Tuesday. Sharp drops in petroleum prices for the last two months helped ease inflationary pressure. [YONHAP]

Consumer prices tumble to 21-month low as GDP outlook worsens

Falling petroleum costs have allowed Korea’s consumer price growth to dip below 3 percent for the first time in nearly two years in June.

2023.7.4

Piles of containers that are to be exported sitting at a port in Busan in July. IMF raised Korea's economic outlook thanks to Korea's major trading partners reopening its economies and Korea' efforts in controlling the pandemic. [NEWS1]

IMF raises Korea's growth outlook to minus 1.9 percent

The IMF has joined other think tanks in raising Korea’s economic growth outlook for this year after the government's successful efforts to control the coronavirus outbreak.

2020.10.13

Bank of Korea's Monetary Policy Board meets on Thursday. [BANK OF KOREA]

Central bank cuts growth forecast as Covid-19 returns

The Bank of Korea significantly lowered its 2020 GDP growth forecast from negative 0.2 percent to negative 1.3 percent, factoring in the latest wave of Covid-19 infections.

2020.8.27

Tag: growth forecast

growth forecast

Latest News

Korea likely to continue solid growth driven by robust chip exports

AMRO lifts Korea growth forecast to 3.3%

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