IMF lowers South Korea's 2025 growth forecast to 2%, citing trade and geopolitical risks.

The International Monetary Fund (IMF) has lowered South Korea's economic growth forecast for 2025 to 2%, down from a previous projection of 2.2%, citing risks including trade slowdowns and geopolitical tensions. For 2024, the IMF predicts GDP growth of 2.2%, a decrease from the earlier 2.5% projection. The IMF advises South Korea to focus on structural reforms to enhance potential growth.

November 20, 2024
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