South Korea Lifts 2026 Economic Growth Forecast
The Korea Development Institute (KDI) projected that real gross domestic product (GDP), adjusted for inflation, will increase 1.9 percent this year, up from the 1.8 percent estimate issued three months ago. South Korea’s real GDP grew 1.0 percent in 2025.
Export growth is now expected to hit 2.1 percent in 2026, a significant rise from the previous forecast of 1.3 percent. Meanwhile, private consumption is projected to climb 1.7 percent this year, following a 1.3 percent increase last year.
The institute also revised its forecast for facility investment upward by 0.4 percentage points to 2.4 percent. In contrast, the outlook for construction investment was cut by 1.7 percentage points to 0.5 percent.
For the current account, the surplus is expected to reach 148.8 billion U.S. dollars in 2026. Consumer price inflation is projected at 2.1 percent, and employment is anticipated to grow by 170,000 jobs.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
