AMRO revises up 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…
The ASEAN+3 Macroeconomic Research Office (AMRO) has revised its economic growth projection for South Korea this year upward to 3.3%, according to its latest quarterly update report. The previous forecast had been 3.1%. The organization made the adjustment without providing details on the reasons behind the change. Looking ahead to 2027, AMRO anticipates South Korea's economy to expand by 2.7%, up from its earlier estimate of 2.2%.
Regarding inflation, the agency predicts consumer prices in South Korea to increase by 2.7% year-on-year in 2026, a slight revision from its previous forecast of 2.6%. For 2027, AMRO has lowered its inflation forecast from 2.4% to 2.3%. The Organization for Economic Cooperation and Development (OECD) recently increased its 2026 economic growth forecast for South Korea to 3.7%, citing the country's robust exports as a key driver.
This represents a 1.1 percentage-point increase from the 2.6% forecast in the OECD's June report. The Paris-based organization attributed this growth to strong exports and rising production.
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.
This story
This is one outlet's version. Read the fullest account.
