South Korea's Central Bank Upgrades 2026 Growth Forecast to 2.0 Percent
The Bank of Korea (BOK) now projects real gross domestic product to expand 2.0 percent this year, revised upward from the 1.8 percent estimate issued three months prior — a sign of growing confidence in the economy's near-term momentum.
The BOK attributed the brighter outlook to surging chip exports and a wave of active facility investment that has injected fresh momentum into the broader economy.
Looking further ahead, the central bank forecast real GDP growth of 1.8 percent in 2027. On the inflation front, the consumer price index is projected to rise 2.2 percent in 2026 before easing back to 2.0 percent the following year — aligning with the BOK's medium-term price stability target.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
