Shang Wu Bu Wang Zhan·2025-08-13 04:08Core Viewpoint - Major international investment banks have raised their GDP growth forecasts for South Korea in 2023, indicating a positive outlook driven by improved exports and manufacturing growth [1] Group 1: GDP Growth Forecasts - JPMorgan has revised its GDP growth forecast for South Korea from 0.5% to 0.6% and then to 0.7%, citing better-than-expected second-quarter GDP performance [1] - Goldman Sachs has increased its GDP growth forecast for South Korea from 1.1% to 1.2%, attributing this to reduced uncertainties in tariffs on certain products due to the Korea-U.S. trade agreement [1] - The average GDP growth forecast from eight major international investment banks for South Korea stands at 0.9% as of the end of July, remaining unchanged for two consecutive months [1] Group 2: Economic Outlook Adjustments - The Bank of Korea is expected to revise its economic outlook in August, likely increasing its GDP growth forecast for the year [1]