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…
The Organisation for Economic Co-operation and Development (OECD) recently increased its 2026 growth forecast for South Korea to 3.7%, according to material released on Wednesday. This projection represents a 1.1 percentage point rise from the 2.6% forecast provided in the OECD's June report. The OECD, based in Paris, anticipates Korea's economy to expand by 2.6% in 2027, an increase of 0.7 percentage points from its earlier projection of 1.9%.
The OECD's most recent report highlights Korea's robust economic growth, with exports and rising production being the primary drivers. Inflation is expected to reach 3% in 2026, a 0.4 percentage point increase from the previous forecast, and 2.7% in 2027, a 0.5 percentage point rise from the earlier projection.
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