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Analysis by Region - Asia Pacific - South Korea

Publisher Oxford Economics
Published Mar 21, 2025
Length 9 Pages
SKU # OFE19929278

Description

We've nudged down our 2025 GDP growth forecast for South Korea by 0.3ppts to 1.3% y/y. High-frequency indicators haven't bounced back as much as we had expected after the earlier Lunar New Year season. By component, we mainly revised real exports and investment downward. We expect Q1 growth to be just 0.2% y/y.

Table of Contents

9 Pages
South Korea: Trade volumes have contracted
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
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

Pricing

Currency Rates
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