Korea's growth could exceed IMF projection: finance minister
BANGKOK — Korea's economic growth could exceed projections by international organizations, including the International Monetary Fund (IMF), barring unexpected external shocks, the finance minister has said, citing robust exports and facility investment data. Finance Minister Lee Hyoung-il made the assessment during a meeting with reporters in Bangkok on Friday. He visited Thailand to attend the…
Korea's economy may outpace international growth forecasts, including those from the International Monetary Fund (IMF), according to Finance Minister Lee Hyoung-il. This assessment was made during a recent meeting with journalists in Bangkok, following the minister's attendance at the IMF and World Bank Group's Annual Meetings in the Thai capital.
The IMF had previously projected Korea's economic growth at 3.3 percent for the year, having revised its earlier estimate upward by 0.7 percentage points from July. This upward revision was attributed to the ongoing global semiconductor boom. The finance minister expressed confidence that Korea's exports and infrastructure investment would continue to strengthen, potentially leading to growth figures surpassing the 3.3 percent forecast by the IMF.
He indicated that even a mid-3 percent growth range might be achievable, barring unforeseen external events that could significantly impact the economy.
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.
- S. Korea's growth could exceed IMF projection: finance minister en.yna.co.kr
- Korea's growth could exceed IMF projection: finance minister koreatimes.co.kr
