The projected growth rate for this year was expected to rise to 2.0%, 0.6% higher than South Korea. This is the first time in 25 years since the country faced the currency crisis in 1998 that its growth rate will be the opposite of that of Japan.
That's true. According to the South Korean Ministry of Strategy and Finance (Ministry) on the 10th, the IMF announced in its World Economic Outlook on the same day that South Korea's economic growth rate for this year is expected to be 1.4%, the same as last time. The IMF recently
The outlook for South Korea's growth rate was revised downward five times in a row from July and October of 2017 to January, April, and July of this year, but this time the outlook was maintained.
Meanwhile, Japan's economic growth rate outlook was revised upward by 0.6% from 1.4% to 2.0%. As expected
If so, South Korea will record a lower economic growth rate than Japan for the first time since the currency crisis.
2023/10/11 16:59 KST
Copyrights(C) Herald wowkorea.jp 96