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News Briefing
IMF forecasts Korean economy to grow by 2.3% in 2024
The International Monetary Fund (IMF) announced its outlook for the Korean economy on April 16. It expects economic growth to measure at 2.3% this year, unchanged from its previous forecast published in January.
 
The IMF’s growth estimate is higher than the Korean government’s forecast of 2.2 percent as well as the Bank of Korea’s projection of 2.1 percent. In addition, IMF’s outlook for the Korean economy is higher compared to those of many advanced economies, such as the US (2.7%), Euro area (0.8%), and Japan (0.9%).