economic forecast News

South Korea's GDP Growth Forecast for 2025 Adjusted Downward Amid Political Uncertainties

The Bank of Korea has revised its 2025 GDP growth forecast downward to 1.6-1.7%, citing political uncertainty and government budget cuts as key factors. Efforts to stabilize econom...

OPEC Optimistic: Global GDP Growth to Hit 3.1% by 2025 Amid Economic Shifts

OPEC forecasts global GDP growth to reach 3.1% by 2025, with significant contributions from the US, India, and China. Economic expansion is contingent on falling inflation and caut...

Japan Slashes 2024 GDP Growth Forecast to 0.4% Amid Industry Scandals and Export Decline

Japan's Cabinet Office has revised its 2024 GDP growth forecast down to 0.4% due to an automotive industry scandal and a decline in exports, while keeping the 2025 growth estimate ...

ADB Cuts India's GDP Growth Forecast: What's Behind the Downgrade?

The ADB has lowered India's GDP growth forecast to 6.5% from 7% due to slower-than-expected second quarter growth, affected by manufacturing slowdown and lagging government spendin...

South Korea's 2025 GDP Growth Forecast Revised Down to 2.1% by OECD

The OECD has revised its forecast for South Korea's GDP growth in 2025 to 2.1%, down from 2.2%. This projection surpasses forecasts from the IMF, KDI, and the Bank of Korea, and is...