Global Economic Growth Forecasted at 3.3% in 2025 and 2026 by IMF
The IMF forecasts a global economic growth of 3.3% in 2025 and 2026, with the US and China leading the charge. Inflation is expected to decrease, but long-term fiscal adjustments i...
fiscal policy News
Record High: South Korean Government's Borrowing and Interest Payments Soar
The South Korean government's borrowing from the Bank of Korea hit a record high of 173 trillion won in 2024, with interest payments exceeding 200 billion won. This marks a signifi...
BOK Governor Urges Swift Economic Stimulus to Combat Economic Downturn
BOK Governor Rhee Chang-yong calls for immediate economic stimulus through active fiscal policy to combat economic downturn caused by recent political turmoil. He warns of long-ter...
Bank of Korea's Urgent Move: Preemptive Rate Cuts Amid Economic Slowdown
South Korea's monetary policy board members called for swift and preemptive actions to address the slowing economy, voting for back-to-back rate cuts and emphasizing the need for p...
South Korea's Political Turmoil Threatens Economic Growth: Goldman Sachs Analysis
Goldman Sachs warns of increased economic risks in South Korea due to political instability, including martial law and impeachment proceedings. The forecast for 2025 growth rate is...
China's Monetary Policy Shift: A Move Towards Economic Growth
China has announced its intention to adopt an "appropriately loose" monetary policy next year to support economic growth, marking the first such shift towards loosening since 2010....
Potential Supplementary Budget Looms: A Shift in Yoon's Fiscal Policy?
The Office of the President hints at a potential supplementary budget for next year, marking a shift in President Yoon Suk Yeol's fiscal policy. This move could signal more active ...
