Major investment banks average forecast for S. Korea's 2026 growth reaches 3%: data
South Korea's exports reached a record $102.25 billion in June, up 70.9 percent from a year earlier and surpassing the $100 billion mark for the first time.
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Summary
South Korea's exports reached a record $102.25 billion in June, up 70.9 percent from a year earlier and surpassing the $100 billion mark for the first time. JP Morgan predicted 3.7 percent growth for the South Korean economy in June, up 0.7 percentage point from 3 percent a month earlier. Major investment banks average forecast for S. Korea's 2026 growth reaches 3%: data.
Furthermore, Exports of semiconductors nearly tripled to reach a record $44.82 billion. Bank of America projected 3.1 percent growth, while Nomura forecast 2.4 percent. The latest data from the Bank of Korea showed that the country's GDP expanded 1.8 percent in the first quarter, up 0.1 percentage point from the central bank's preliminary estimate.
In addition, Citi also raised its forecast to 3.5 percent from 3 percent over the same period. Against this backdrop, the BOK is widely expected to raise its 2026 growth forecast in August from its current projection of 2.6 percent. brk@yna.co.kr (END).
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South Korea's exports reached a record $102.25 billion in June, up 70.9 percent from a year earlier and surpassing the $100 billion mark for the first time.
reliability low1/2 sourcesJP Morgan predicted 3.7 percent growth for the South Korean economy in June, up 0.7 percentage point from 3 percent a month earlier.
reliability low1/2 sourcesMajor investment banks average forecast for S. Korea's 2026 growth reaches 3%: data.
reliability low1/2 sourcesExports of semiconductors nearly tripled to reach a record $44.82 billion.
reliability low1/2 sourcesBank of America projected 3.1 percent growth, while Nomura forecast 2.4 percent.
reliability low1/2 sourcesThe latest data from the Bank of Korea showed that the country's GDP expanded 1.8 percent in the first quarter, up 0.1 percentage point from the central bank's preliminary estimate.
reliability low1/2 sourcesBarclays and Goldman Sachs each projected 2.7 percent growth, while HSBC and UBS forecast 2.8 percent each.
reliability low1/2 sourcesCiti also raised its forecast to 3.5 percent from 3 percent over the same period.
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Against this backdrop, the BOK is widely expected to raise its 2026 growth forecast in August from its current projection of 2.6 percent. brk@yna.co.kr (END)
according to Yonhap News
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