Bank of Korea Governor: “We will keep an eye on whether this year’s growth rate outlook will be lower”

The Bank of Korea has maintained its outlook of ``upward decline'' and that ``the South Korean economy was sluggish in the first half of the year, but will recover in the second half.''
It suggested that the conflict could change the growth outlook for the second half of the year. On the 23rd, Bank of Korea Governor Lee Chang-young attended a meeting of the Planning and Finance Committee held at the Bank of Korea's main building.
In response to a question from an opposition lawmaker during the national government audit, asking whether a higher increase in growth rates is possible, the Prime Minister said, ``We are keeping an eye on whether the growth rate this year will be 1.4%, as currently predicted, or whether it will be a little lower.'' "next year's
The growth rate was expected to be 2.2%, but it is extremely difficult to make any predictions now, as this could change depending on how the Chinese economy and the situation in the Middle East develop. The economic outlook will be released at the end of November,
We will have to closely monitor the situation in the Middle East for about a month and reconsider our outlook for next year from the beginning." However, he did not agree with the statement that ``South Korea's economy is the worst compared to other countries.''
. Governor Lee also emphasized that, despite the assessment that the semiconductor industry is not improving, he said, ``I think it will get better.''