The Asian Development Bank raised South Korea's 2026 growth forecast to 1.9% from 1.7%, citing semiconductor industry strength and expanded government spending in strategic sectors, though downside risks from Middle East conflicts and trade tensions remain.
#YonhapInfomax #AsianDevelopmentBank #SouthKoreaGrowthForecast #SemiconductorIndustry #GovernmentSpending #MiddleEastConflicts #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=114741
Japan needs fiscal transparency more than ever
Oversized supplementary budgets, symbolic tax measures and broad transfers cannot substitute for clarity and coherence.
The Japan TimesThe Asian Development Bank has raised South Korea's 2024 and 2025 GDP growth forecasts to 0.9% and 1.7%, respectively, citing government stimulus and easing trade uncertainty, while also lifting inflation projections to 2.1% for both years amid rising food prices and a weaker won.
#YonhapInfomax #AsianDevelopmentBank #SouthKoreaGDP #GrowthForecast #Inflation #SemiconductorDemand #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=94739
ADB Raises South Korea's Growth Forecast to 0.9% for 2024, 1.7% for 2025—Up 0.1 Percentage Points Each
The Asian Development Bank has raised South Korea's 2024 and 2025 GDP growth forecasts to 0.9% and 1.7%, respectively, citing government stimulus and easing trade uncertainty, while also lifting inflation projections to 2.1% for both years amid rising food prices and a weaker won.
Yonhap Infomax