[Breaking News] Bank of Korea forecasts 0.8% economic growth this year... "Lowered by 0.7%p in 3 months"

[Financial News] On the 29th, the Bank of Korea's Monetary Policy Committee forecasted the 2025 growth rate to be 0.8%, which is 0.7%p lower than the previous forecast (1.5%) in February. This figure matches the forecast of the state-run research institute Korea Development Institute (KDI), and if this economic growth rate materializes, the domestic economy this year will plummet to its worst since the COVID-19 pandemic in 2020 (-0.7%). Next year's growth rate is presented as 1.6%, 0.2%p lower than the initial forecast (1.8%).
This year's consumer price inflation rate is expected to be 1.9%, the same as the previous forecast. In the case of next year, it is forecasted to be 1.8%, 0.1%p lower than the initial forecast (1.9%).
eastcold@fnnews.com Kim Dong-chan reporter