AMRO Revises up S. Korean Economy's Growth Projection This Year to 3.3 %
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AMRO revises up S. Korean economy's growth projection this year to 3.3 %
An economic surveillance organization in Asia on Monday projected South Korea's economy will expand 3.3 percent this year, revising up its previous forecast of 3.1 percent. The ASEAN+3 Macroeconomic Research Office (AMRO) made the assessment in its quarterly update report, without further elaborating on the reasons for the revision from its July forecast. For 2027, the organization expected Asia's No. 4 economy to grow 2.7 percent, compared with…
(Sejong = Yonhap News) Reporter Song Jeong-eun = The ASEAN+3 Macroeconomic Research Organization (hereinafter AMRO) raised its forecast for South Korea's economic growth rate this year to 3.3%.
AMRO has raised its forecast for South Korea's economic growth rate this year to 3.3%. This is primarily due to strong exports and investment in the AI industry. However, it maintained a cautious outlook on the economy, pointing out external downside risks such as conflicts in the Middle East and supply chain disruptions.
The ASEAN+3 Macroeconomic Research Organization (AMRO) raised its forecast for South Korea's economic growth this year to 3.3%, the first time in three months.
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