South Korea's growth to exceed IMF forecast, presidential office says

South Korea's economic trajectory is poised for robust growth, with the Presidential Office asserting that the current momentum will extend beyond a single year. The office anticipates exceeding the International Monetary Fund's (IMF) upwardly revised forecasts.

Presidential Economic Advisor Lee Dong-jin highlighted the IMF's increased projections for South Korea's economic growth rate, raising it to 2.6% for the current year and 2.5% for the next. He noted that these forecasts do not yet incorporate the government's economic policies.

“

This is a positive signal that the growth momentum will continue, not just a one-off growth spurt this year.

"This is a positive signal that the growth momentum will continue, not just a one-off growth spurt this year," Lee stated. He expressed the government's commitment to implementing effective policies to achieve even higher growth, potentially surpassing the IMF's predictions. The advisor also pointed to the significant upward revision of South Korea's growth forecast compared to other nations as a key factor.

“

The government will work harder to achieve higher growth than the IMF forecast by properly implementing policies.