Spotlight on Korea: Highlights from AMRO’s 2023 Annual Consultation Report on Korea
Watch the highlights of AMRO's 2023 Annual Consultation Report on Korea.
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.
Korea Should Maintain Tight Monetary Policy and Continue Fiscal Consolidation to Safeguard Macroeconomic Stability
Korea's economy is forecast to rebound to an above-potential rate of 2.3 percent in 2024, supported by continued strengthening in goods exports, especially semiconductors.
Korea: Restrictive Monetary Policy and Fiscal Discipline Essential for Inflation Stability and Fiscal Sustainability
Korea’s near-term growth outlook is expected to continue improving, reflecting the upturn in manufacturing exports, especially semiconductors.
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.