default_top_notch
default_news_top
default_news_ad1
default_nd_ad1

Foreign IBs revise up S. Korea's growth outlook

기사승인 2017.12.07  09:55:48

공유
default_news_ad2

Major foreign investment banks (IBs) have upgraded their 2018 growth forecasts for the South Korean economy on its strong exports, a report showed Thursday.

According to the report by the Korea Center for International Finance, Barclays, Goldman Sachs and seven other foreign IBs have forecast Asia's fourth-largest economy to expand at an average rate of 2.9 percent next year.

The forecast, made at the end of last month, is slightly up from the median growth projection of 2.8 percent presented a month earlier.

Of the nine foreign institutions, five have revised up South Korea's 2019 growth predictions, with Barclays and Goldman Sachs offering the highest rate of 3.1 percent.

The IBs have also hiked their 2017 growth forecast for the economy to 3.1 percent from an earlier 3 percent, with Goldman Sachs and JP Morgan presenting the highest projection of 3.2 percent.

On top of the foreign IBs, the South Korean government and international institutions, including the International Monetary Fund and the Organization for Economic Cooperation and Development, have predicted the economy to grow 3 percent in the coming year.

In its latest report, the Korea Development Institute said Wednesday that the economy is expected to grow 2.9 percent next year, slowing down from this year's estimate of a 3.1 percent expansion.

Buoyed by resilient exports, the South Korean economy grew 1.4 percent on-quarter in the July-September period, the highest rate in seven years. (Yonhap)

Kim Jung-mi edt@koeapost.com

<저작권자 © 코리아포스트 무단전재 및 재배포금지>
default_news_ad5
default_side_ad1
default_nd_ad2

인기기사

default_side_ad2

포토

1 2 3
set_P1
default_side_ad3

섹션별 인기기사 및 최근기사

default_side_ad4
default_nd_ad6
default_news_bottom
default_nd_ad4
default_bottom
#top
default_bottom_notch