Lee welcomes 'dramatic rebound' in potential growth outlook

President Lee Jae Myung expressed satisfaction with the recent upward revision of the country's potential growth rate projections by the International Monetary Fund (IMF). The IMF has raised its projections to 2.14 percent for this year and 2.2 percent for 2027, marking the first consecutive annual increases in about 40 years. President Lee welcomed this development, describing it as a "dramatic rebound" in the Korean economy's basic physical strength, akin to the country's growth during the late 1980s when low oil prices, low interest rates, and a strong won against the U.S. dollar boosted economic performance.

He emphasized the importance of sustaining this growth and ensuring its benefits are fairly shared among all citizens.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.