Growth Forecast

Major global investment banks' average forecast for South Korea's 2026 economic growth reached 3 percent by the end of June. Strong semiconductor exports drove the upward revision.

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More than half of economic experts expect South Korea's economic growth to remain in the 1 percent range this year, according to a local survey. The poll, conducted by Southernpost Inc. for the Korea Enterprises Federation (KEF), showed 54 percent of 100 economics professors holding this view. The average forecast stands at 1.8 percent, below the government's 2 percent outlook and the IMF's 1.9 percent projection.