Chip Upcycle, Easing Oil-Related Pressures to Boost Consumption in 2027: KDI
7 Articles
7 Articles
Chip upcycle, easing oil-related pressures to boost consumption in 2027: KDI
The global semiconductor upcycle, coupled with easing pressure from higher oil prices, is expected to lead to stronger consumption next year, a state-run think tank projected Thursday. The outlook came amid assessments that this year's global chip upcycle, driven by the artificial intelligence (AI) boom, has had a limited impact on domestic consumption due to the gradual spillover of its benefits, while higher oil prices have weighed more immedi…
The Korea Development Institute (KDI) cited rising oil prices as the reason for the recent slowdown in consumption improvement, despite the semiconductor boom. The analysis suggests that while there is a significant time lag between the growth of the semiconductor industry and its translation into consumption, rising oil prices suppress consumption relatively quickly. On the 12th, KDI released this analysis in a report titled "The Impact of the …
(Sejong=Yonhap News) Reporter Kim Soo-hyun = The slow pace of improvement in private consumption this year is due to the gradual ripple effects of the semiconductor boom, but international... resulting from the Middle East conflict
Estimates suggest that rising semiconductor prices next year will boost the growth rate of private consumption by 0.6 percentage points, while the impact of rising oil prices will lower it by approximately 0.2 percentage points. On the 12th, the Korea Development Institute (KDI) released a report titled "The Impact of the Recent Semiconductor Boom and Rising Oil Prices on Private Consumption" containing these findings.
The Korea Development Institute (KDI) has analyzed that the sluggish recovery in consumption, despite the semiconductor export boom, is largely due to the impact of high oil prices being reflected before the consumption-boosting effects of the boom. The forecast is that the improvement in consumption will accelerate next year as the semiconductor effect fully materializes and the burden of oil prices eases. Considering this recovery trend, KDI s…
An analysis by a state-run research institute indicates that the growth rate of private consumption this year has fallen by approximately 0.4 percentage points (p) as international oil prices surge due to conflicts in the Middle East. While the semiconductor boom had almost no effect on boosting consumption this year, it is estimated to increase the growth rate of private consumption by 0.6 percentage points next year. The Korea Development Ins…
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