Macro - Country Economic Forecasts - South Korea

Macro - Country Economic Forecasts - South Korea

We've reduced our South Korea GDP forecast to 1.6% in 2023, reflecting the weaker outlook for global growth. For now, however, we are maintaining our 2022 projection at 2.7%.


South Korea: Economy to slow in 2023 as global growth weakens
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation

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