AMRO revises up S. 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 growth projection for South Korea's economy upward for this year, now forecasting expansion at 3.3 percent. This represents an increase from the previous estimate of 3.1 percent. The assessment was made in AMRO's latest quarterly update report, though the agency did not provide further details on the reasons behind the revision from its July forecast.
For 2027, AMRO anticipates South Korea's economy to grow by 2.7 percent, up from its earlier projection of 2.2 percent. Regarding inflation, the organization projected consumer prices to increase by 2.7 percent on-year in 2026, a slight improvement from the previous forecast of 2.6 percent, which has now been revised down to 2.3 percent for 2027.
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