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Growth Forecast - South Korea sharply cuts growth forecast for 2025 after martial law fiasco
South Korea's government trimmed its economic growth forecasts for 2025 amid political turmoil following President Yoon Suk Yeol’s martial law decree. Korea's Ministry of Economy and Finance said on ...
Korea cuts 2025 growth forecast to 1.8% from 2.2% due to weak export outlook
The Korean economy is expected to grow 1.8 percent this year, the finance ministry said Thursday, marking a significant downgrade from the previous forecast of 2.2 percent made in July last year.
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On a quarter-on-quarter seasonally adjusted basis, the economy expanded 0.1 per cent, down from the 3.2 per cent growth in the third quarter of 2024. For full-year 2024, the economy grew 4 per cent, ...
South Korea cuts 2025 growth forecast after martial law fiasco
Government will front-load its budget spending in the first half of 2025 and loosen regulations. Read more at straitstimes.com.