OECD maintains S. Korea's 2025 growth outlook at 1 pct, projects improvement in 2026

The Organization for Economic Cooperation and Development (OECD) on Tuesday maintained its growth forecast for the South Korean economy at 1 percent this year, while projecting an improvement in 2026, according to Seoul's finance ministry. "Growth is picking up," the OECD said in a report released by the ministry, noting the country's real gross domestic product (GDP), a key measure of economic growth, is expected to weaken to 1 percent in 2025 before rising to 2.1 percent both in 2026 and 2027. The latest 2025 projection is unchanged from the OECD's previous outlook in September and aligns with the Bank of Korea's (BOK) most recent forecast. The forecast is slightly more optimistic than the 0.9 percent growth projected by the South Korean government, the Korea Development Institute (KDI) and the International Monetary Fund (IMF). Although the OECD outlook for next year was revised down by 0.1 percentage point from an earlier projection, it remains 0.3 percentage points higher than estimates by the IMF, BOK and the Seoul government, which had projected 1.8 percent. The OECD attributed theWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times