The Korea Development Institute (KDI) has used the term ‘economic slowdown’ in its economic trend report for the first time in over two years. Amid domestic and international uncertainties and weak domestic demand, the average forecast for South Korea’s economic growth rate this year by eight major foreign investment banks is 0.8%. The Organisation for Economic Co-operation and Development (OECD) has forecasted South Korea’s potential growth rate at 1.98% for next year, suggesting that even with the total mobilization of Korea’s labor, capital, and productivity, achieving 2% growth is difficult.
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Auto-posted at: 2025-05-12 21:05:45