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.

2026-01-19

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.

2023-09-19

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.

2023-08-14

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.

2023-07-04

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

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.

2020-08-27