IMF Lifts South Korea's Growth Forecast for 2026 on Strong Semiconductor Demand

MT Newswires Live
07/09

The International Monetary Fund raised its South Korea economic growth estimate for 2026 as strong external demand for semiconductors offset the negative impact of the Middle East conflict.

In its World Economic Outlook update published late Wednesday, the IMF expects the South Korean economy to grow 2.6% in 2026, up 0.7 percentage point from the April estimate.

For 2027, the growth estimate moved 0.4 percentage points higher to 2.5%.

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