South Korea’s economy recorded its lowest growth level this year, while growth is expected to recover to around 2 percent in 2026.
The average forecast of 41 local and international organizations for South Korea’s economic growth in 2026 reached 1.8 percent, which, if realized, would represent a notable recovery compared to the 0.9 percent growth projected this year by the Bank of Korea.
The Bank of Korea expects the domestic economy to grow by 1.1 percent on a quarterly basis between July and September, which could rank South Korea among the top 5 fastest-growing economies out of 37 major economies. This positive outlook is partly attributed to strong exports driven by higher demand for semiconductors and a recovery in domestic consumption.
Source (Asharq Al-Awsat Newspaper, Edited)
