Macro - Country Economic Forecasts - South Korea

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 year
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk evaluation
risk warnings
What to watch out for
Exposure to Key global risks
Long-term prospects
Economic development
Structure of the economy
Balance of payments and Structure of trade

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