đ°đ· South Koreaâs Growth Outlook Upgraded
Citi economist Kim Jin-wook raised South Koreaâs GDP growth forecast to 3.8% for 2026 and 3.3% for 2027, despite a temporary slowdown in August industrial production.
The upgrade reflects a recovery in the auto sector and strong manufacturing activity, supported by the ongoing semiconductor boom.
Citi expects South Koreaâs chip-led economic expansion to continue through 2028. đ
#SouthKorea #Semiconductors
#economy
Citi economist Kim Jin-wook raised South Koreaâs GDP growth forecast to 3.8% for 2026 and 3.3% for 2027, despite a temporary slowdown in August industrial production.
The upgrade reflects a recovery in the auto sector and strong manufacturing activity, supported by the ongoing semiconductor boom.
Citi expects South Koreaâs chip-led economic expansion to continue through 2028. đ
#SouthKorea #Semiconductors
#economy