Economists Trim South Korea’s Growth View Ahead of BOK Meeting

Economists surveyed by Bloomberg lowered their estimates for South Korea’s economic growth two weeks before the central bank meets to decide policy, an event that looks less like a slam-dunk rate cut after the governor left the door open to another hold.

The median forecast among 39 economists came to 1.6% for 2025 growth, a reduction from 1.8% in the previous survey. The Bank of Korea last month revised its gross domestic product outlook to 1.6%-1.7%, down from 1.9% previously.