potential growth rate News

South Korea's 30 Trillion Won Fiscal Injection Yields Mere 0.1% Growth Boost Amid Structural Challenges

South Korea's 30 trillion won fiscal injection has minimally boosted growth by 0.1%, amidst structural challenges and a declining potential growth rate. The government plans mega i...

South Korea's Economic Growth Hits Historic Low: Potential Rate Drops Below 2% for the First Time

South Korea's potential growth rate is predicted to fall below 2% for the first time, signaling a concerning low-growth trend. The OECD's latest report estimates it at 1.9%, highli...

Korea's Economic Future at Risk: Could Face Negative Growth by 2047 Without Major Reforms

The Korea Development Institute warns of potential negative economic growth by 2047 due to demographic challenges and low productivity, urging structural reforms and policy adjustm...

South Korea's Economic Growth Faces Potential Slowdown in 2024, Deputy PM Choi Warns

Deputy PM Choi Sang-mok warns that South Korea's 2024 economic growth may fall below the potential rate of 2.0%, citing risks like slowed exports and political turmoil. The governm...