On-point: OECD lowers S. Korea's economic growth to 2.5% in 2024; is this a concern?

OECD "올해 한국 경제성장률 2.5% 내년 물가 상승률 하락"

The Organization for Economic Cooperation and Development says South Korea's economy will grow 2-and-a-half percent this year.
And the global economy is looking to remain resilient.
Let's turn to Professor Yang Hee-dong for details.

Good morning.

1. The OECD downgraded its forecast for South Korea's economic growth. Considering its outlook was 2.6% back in July, should we be worried?
Is this a concern?

2. The Bank of Korea has lowered its outlook to 2.4%, citing poor domestic demand.
When do you think local domestic consumption will recover?

3. The OECD believes the global economy will pick up to 3.2% in 2025.
Where is this confidence coming from?

4. The Asian Development Bank said Monday it believes economies in the Asia and Pacific regions will expand 5% this year and 4.9% next year.
But it also noted the aftermath of the U.S. presidential election may bring some challenges.
Is that so? How?

5. Does that mean the results of the U.S. presidential election will affect South Korea's economic growth? Or is this an overreaction?

Thank you so much for your insight this morning.
We appreciate it.

#OECD #inflation #economic_outlook #오이시디 #한국_경제성장률 #Arirang_News #아리랑뉴스

2024-09-26, 09:00 (KST)