Korea Joongang Daily
Korea JoongAng Daily

IMF ups Korea's growth forecast to 2.5 percent

The International Monetary Fund raised Korea's economic growth forecast to 2.5 percent and maintained its global growth projection at 3.2 percent.

2024-07-16

OECD ups Korea's growth forecast to 2.6 percent

The OECD raised Korea's growth forecast to 2.6 percent due to strong chip demand and rebounding exports.

2024-05-02

IMF downplays danger of forex volatility for Korea, urges focus on inflation

The International Monetary Fund's Asia director said the current exchange rate volatility does not pose a significant challenge to Korea, calling for the Bank of Korea to decouple from the U.S. Federal Reserve's monetary policy.

2024-04-19

Korean gov't debt to GDP ratio to near 60% by 2029: IMF

The IMF predicts that Korea's general government gross debt will reach 60 percent of its GDP by 2029. Global public debt is projected to approach 100 percent of GDP by the end of the decade.

2024-04-18

IMF keeps Korea's growth forecast for 2024 at 2.3 percent

The International Monetary Fund (IMF) retained its forecast for Korea's economic growth for this year at 2.3 percent.

2024-04-16

Bank of Korea chief to visit U.S. for global economic meetings

The chief of the Bank of Korea will leave for the United States this week to attend a series of meetings of financial and economic policymakers and discuss the latest global economic conditions, his office said Monday.

2024-04-15

IMF lifts Korea's 2024 economic growth forecast to 2.3%

The International Monetary Fund (IMF) inched up its forecast for Korea’s economic growth this year, anticipating a soft landing for the global economy.

2024-01-31

IMF chief says Korean economy remains 'resilient'

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Friday that the Korean economy remains "resilient" amid signs of a global recovery, with its inflation also anticipated to "moderate" down the road.

2023-12-15

Crypto rules crucial for financial stability, IMF says

Financial regulators have to establish the correct rules and infrastructure for the adoption of crypto assets, said the International Monetary Fund (IMF) Managing Director Kristalina Georgieva during an international conference on Thursday.

2023-12-14

Korea's GDP expected to maintain modest growth until 2028

Korea's economic growth projected at 2 percent next year due to slowdown in consumption and investment in construction sector. IMF predicts modest growth until 2028.

2023-11-20