KDI Raises Korea's 2026 Growth Outlook to 3.2% Amid AI Boom
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3 Articles
KDI raises Korea's 2026 growth outlook to 3.2% amid AI boom
Korea's economy is expected to grow 3.2 percent in 2026, a state-run think tank said Wednesday, revising up its previous forecast of 2.5 percent amid stronger-than-expected global demand driven by the artificial intelligence (AI) boom. The Korea Development Institute (KDI) said the revision came as global demand for semiconductor products remained stronger than expected, leading to increased exports and facility investment, which are expected to…
The Korea Development Institute (KDI) raised its growth forecast for this year from 2.5% to 3.2%, while drastically lowering its projection for the increase in the number of employed people from 170,000 to 110,000. If this forecast materializes, it will mark the worst situation since 2020 (-218,000), when the number of employed people declined due to the aftermath of COVID-19. The growth forecast for this year, announced by KDI in its ‘Economic …
(Sejong = Yonhap News) Reporter Ahn Chae-won = The Korea Development Institute (KDI), a state-run research institute, lowered its forecast for South Korea's economic growth rate this year to 3.2%, an increase of 0.7 percentage points (p...) in three months.
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