IMF raises Korea's growth forecast to 3.3% as chip exports outweigh war impact

Korea Times News ·
South Korea

The International Monetary Fund (IMF) lifted its forecast for Korea’s economic growth this year to 3.3 percent from 2.6 percent three months ago, a 0.7-percentage-point increase driven by strong semiconductor exports, the Ministry of Finance and Economy said Tuesday. The IMF sees chip demand providing enough support to outweigh the economic damage from the Middle East war. But the benefits have…

Read original article on Korea Times News →

Related news