Macro - Country Economic Forecasts - South Korea
We've raised our 2023 GDP growth forecast for South Korea by 0.4ppts to 1.2%, to reflect a stronger-than-expected Q3 outturn and improving exports. Despite the revision, this pace of growth would be the slowest since 2009 (excluding 2020).
South Korea: growth will still be sluggish next yearForecast overviewRecent developmentsShort-term outlookKey drivers of our Short-term ForecastEconomic riskEconomic risk evaluationrisk warningsWhat to watch out forExposure to Key global risksLong-term prospectsBackgroundEconomic developmentStructure of the economyBalance of payments and Structure of tradePolicyPolitics