South Korean think tank raises economic growth forecast for this year to 2.5%, with exports expected to grow by more than 30%
South Korea's economic growth forecast for the year has been revised upwards to 2.5% by a government think tank, primarily driven by a projected export surge exceeding 30%. This upward revision, an increase from the previous 1.9% forecast, is largely attributed to the robust performance of the semiconductor industry. The Korean Institute for Industrial Economics and Trade (KIET) released these updated projections, signaling a positive outlook for the nation's economy. AI