Core Viewpoint - The Korea Development Institute (KDI) maintains its economic growth forecast for South Korea at 0.8% for this year, despite the last-minute trade agreement with the U.S. that mitigated the impact of punitive tariff increases [1] Economic Growth Forecast - KDI's forecast for South Korea's economic growth remains unchanged at 0.8% for this year, consistent with its May prediction [1] - The positive impact of government stimulus plans on consumer confidence is being offset by declining construction investment and ongoing weak exports due to U.S. tariff increases [1] Trade Agreement Impact - The recent trade agreement reduced the proposed U.S. tariff cap on South Korean exports from 25% to 15%, helping South Korea avoid more severe economic repercussions [1] - However, the new terms are less favorable than the Korea-U.S. Free Trade Agreement, and KDI warns that current tariff levels and uncertainties remain high compared to previous years [1] Export Growth Outlook - KDI projects only moderate growth in goods exports over the next two years, as the negative effects of tariff increases are expected to become apparent starting in the second half of this year [1]
韩国智库维持2025年增长预期 但出口疲软仍压经济
Xin Hua Cai Jing·2025-08-12 05:52