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S Korea Central Bank Raises This Year's GDP Growth Forecast to 2.6%
The Bank of Korea raised its forecast for S Korea's real gross domestic product (GDP) growth this year to 2.6%, from the previous 2%, and lifted next year's growth forecast to 2.1%...
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The Bank of Korea raised its forecast for S Korea's real gross domestic product (GDP) growth this year to 2.6%, from the previous 2%, and lifted next year's growth forecast to 2.1% from 1.8%, both above market expectations.

The latest projection is well above the potential growth rate of about 1.8% and marks the highest level in nearly four years since 2022. Supported by strong semiconductor exports, GDP in 1Q26 grew 1.7% QoQ, significantly exceeding the central bank's previous estimate of 0.9%.

In addition, the central bank expects this year's consumer price inflation to reach 2.7%, up 0.5 ppts from its earlier forecast and the highest level since 2023. Next year's inflation forecast was also raised from 2% to 2.3%. (sl/u)

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