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ASEAN+3 Finance Process

ASEAN+3 Macroeconomic Research Office

MEMBER ECONOMIES

Korea

Latest Projections

Projected GDP Growth (2025):

0%

Projected Inflation Rate (2025):

0%
Updated as of January 2025
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Annual Consultation Reports

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Annual Consultation Reports
AMRO’s 2024 Annual Consultation Report on Korea
The Korean economy has improved on the back of strong exports, with GDP growth registering 2.0 percent in 2024.
Annual Consultation Reports
AMRO’s 2023 Annual Consultation Report on Korea
The near-term outlook for the Korean economy has improved, supported by the recovery of exports, and inflation is expected to decline further toward the target.
Annual Consultation Reports
AMRO’s 2022 Annual Consultation Report on Korea
The Korean economy has recovered strongly from the pandemic, led by robust export growth and a strong rebound in private consumption. However, inflation remains elevated and the economic outlook in the near term has deteriorated amid tighter financial conditions and weakening external demand.
Annual Consultation Reports
AMRO’s 2021 Annual Consultation Report on Korea
Korea’s economy is forecast to rebound strongly in 2021 led by a strong global recovery and robust demand for electronics, autos and other manufactured products.
Annual Consultation Reports
AMRO’s 2019 Annual Consultation Report on Korea
After a moderation in 2019, Korea’s economic growth is expected to pick up to 2.2* percent in 2020, supported by a rebound of demand for memory chips led by 5G installation in many countries.
Annual Consultation Reports
AMRO’s 2018 Annual Consultation Report on Korea
The Korean economy is projected to grow at 2.7 percent in 2018 and moderate to 2.6 percent in 2019.

What’s New

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Press Releases
AMRO Announces the Appointment of Dong He as Chief Economist
The Executive Committee of AMRO has appointed Dong He as Chief Economist.
Press Releases
AMRO Announces the Appointment of Yasuto Watanabe as Director
The Executive Committee of AMRO has appointed Yasuto Watanabe as AMRO’s sixth Director.
ASEAN+3 Regional Economic Outlook
ASEAN+3 Regional Economic Outlook 2025
The ASEAN+3 region maintained stable growth of 4.3 percent in 2024 despite various uncertainties and is positioned to remain resilient.
Press Releases
ASEAN+3 Positioned for Resilience Amid Unprecedented Trade Shocks
AMRO released its annual flagship report, the ASEAN+3 Regional Economic Outlook (AREO) 2025.
Blogs
Inflation in Transition: How Should ASEAN+3 Manage Changing Inflation Dynamics?
For decades before the COVID-19 pandemic, ASEAN+3 economies enjoyed remarkably low and stable inflation, supported by credible policy frameworks and deepening global integration.
Blogs
Revitalizing Growth: ASEAN+3’s Path to Strong, Sustainable, and Inclusive Development
By charting new growth pathways, the region can reinvigorate economic development that is not only dynamic but also inclusive, equitable, and sustainable.