South Korea’s Q3 GDP growth hit a four-year high at 1.3%, driven by a rebound in construction investment and robust semiconductor exports, fueling economic optimism despite concerns over sector concentration.
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Dramatic Turnaround in Construction Investment Lifts Economic Optimism
South Korea’s Q3 GDP growth hit a four-year high at 1.3%, driven by a rebound in construction investment and robust semiconductor exports, fueling economic optimism despite concerns over sector concentration.
Bank of Korea Says Construction Investment Slump Eases—No Longer a Drag on Next Year’s Growth
Bank of Korea signals that the slowdown in construction investment is easing and will not negatively impact South Korea’s GDP growth outlook for next year.
South Korea’s Q3 GDP grew 1.3% quarter-on-quarter, the fastest pace in nearly four years, as construction and investment rebounded, raising the likelihood of surpassing the Bank of Korea’s annual growth forecast.
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Bank of Korea Says Q3 GDP Growth Hits 1.3%, Highest in Nearly Four Years—Annual Outlook May Be Surpassed (Comprehensive)
South Korea’s Q3 GDP grew 1.3% quarter-on-quarter, the fastest pace in nearly four years, as construction and investment rebounded, raising the likelihood of surpassing the Bank of Korea’s annual growth forecast.
Financial Research Institute Forecasts South Korea's Real GDP Growth to Rebound to 2.1% in 2025—1.0% Expected for This Year
South Korea's real GDP is forecast to grow 1.0% in 2024 and rebound to 2.1% in 2025, driven by accommodative policies and a gradual recovery in domestic demand, according to the Korea Institute of Finance.
South Korea’s finance ministry reports broad economic improvement, with key indicators rebounding from a first-half slump, but warns of ongoing export risks from U.S. tariffs and persistent weakness in construction investment.
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