Bank of Korea Plans August Growth Forecast Revision, Considers 2.6% vs 3.0% Gap

According to Bank of Korea on July 8, the central bank will release a new economic growth forecast in August, reflecting domestic and external conditions since its May projection of 2.6%. The revision comes as major global investment banks average a 3.0% forecast for 2026, higher than the central bank's prior estimate. Bank of Korea Governor Shin Hyun-song previously suggested upward adjustment potential, citing stronger-than-expected Q1 GDP growth and sustained semiconductor momentum, indicating the full-year forecast may be revised upward from 2.6%.
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