Analysis by Region - Asia Pacific - South Korea
We've kept our 2025 GDP growth forecast for South Korea at 1.9%. We see risks from the recent political turmoil and will adjust our outlook after the Constitutional Court decides on the impeachment motion. Domestic uncertainty and global trade policies will likely weigh on investment, while higher US growth might support exports next year. We've maintained our 2024 GDP growth forecast at 2.2%, although our nowcasts indicate 2.1% when adding sentiment data.
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