South Korea cuts 2025 growth forecast to 1.8% due to expected US policy impacts on exports.

South Korea has lowered its 2025 economic growth forecast to 1.8% due to expected export declines following the new US administration's policies. Export growth is projected at 1.5%, down from 8.1% in 2024, while private consumption is expected to expand by 1.8%. The Bank of Korea has cut interest rates and may do so again, amid concerns about potential US tariffs and domestic political turmoil.