OECD raises Korea's 2026 growth forecast to 3.7%
The Organization for Economic Cooperation and Development (OECD) on Wednesday raised its 2026 economic growth forecast for Korea to 3.7 percent, citing the country's robust exports. The Paris-based organization's latest projection marks a 1.1 percentage-point increase from the 2.6 percent forecast in its June report. The OECD projected Asia's No. 4 economy would grow 2.6 percent in 2027, up 0.7…
On Wednesday, the Organization for Economic Cooperation and Development (OECD) increased its 2026 growth forecast for South Korea to 3.7 percent, driven by the nation's strong exports. This represents a significant 1.1 percentage-point rise from the 2.6 percent forecast provided in their June report. The OECD estimated that South Korea, Asia's fourth largest economy, would expand by 2.6 percent in 2027, reflecting a 0.7 percentage point increase from their prior projection of 1.9 percent growth.
The OECD has reaffirmed Korea's robust growth trends by raising their forecast by the most substantial margin among all G20 nations, according to a release from the Ministry of Finance and Economy. The OECD attributed South Korea's anticipated growth to robust exports and rising production, with a gradual uptick in consumer spending expected to persist in the coming year.
Furthermore, the OECD projected that South Korea's consumer prices would increase by 3 percent in 2026, a 0.4 percentage point rise from their previous forecast. Their inflation outlook for 2027 stood at 2.7 percent, a 0.5 percentage point increase from their earlier projection.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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