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%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.