The central bank on Thursday raised its economic growth forecast for South Korea to 2.6 percent for 2026 amid solid semiconductor exports. This file photo shows containers stacked at a port in Pyeongtaek on May 8. Photo by Yonhap
The central bank on Thursday raised its economic growth forecast for South Korea to 2.6 percent for 2026 amid solid exports driven by a semiconductor super cycle.
The revision by the Bank of Korea (BOK) represents a 0.6 percentage-point increase from its previous forecast of 2 percent issued in February.
It is the largest upside revision since May 2021, when the BOK raised its growth projection by 1 percentage point from 3 percent to 4 percent.
For 2027, the central bank estimated its growth outlook at 2.1 percent.
