On Thursday, South Korea’s central bank significantly upgraded its economic growth forecast for 2025 to 2.6 percent. This optimistic revision is primarily fueled by robust exports, particularly benefiting from the ongoing semiconductor supercycle.
This updated outlook by the Bank of Korea marks a substantial 0.6 percentage-point increase, soaring from its earlier projection of 2 percent announced in February.
Looking further ahead, the central bank anticipates South Korea’s economic growth to settle at 2.1 percent for 2027.
