We expect Korea’s economy to grow by just 1.0% this year, with the political crisis and the downturn in the property sector set to weigh heavily on demand. Our forecast is well below both the consensus expectation and our estimate of trend growth. We think the weak economy will prompt the central bank to cut interest rates by 100bps this year, which is more than other analysts are currently expecting.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.