Header and navigation menu

Page content

Potential growth falls to 1.71%, reforms needed to avoid stagnation (KOR)

Korea’s economic growth engine is cooling rapidly. The Organisation for Economic Cooperation and Development (OECD) projected Korea’s potential growth rate this year at 1.71 percent, down 0.21 percentage points from last year’s 1.92 percent, which had already fallen below 2 percent for the first time. The forecast for next year is even lower at 1.57 percent. [....]