International Monetary Fund raises South Korea’s growth rate to 2.6%, president pledges “growth for everyone”
President Lee Jae-myung said 7month 9the International Monetary Fund (IMF) had raised its forecast for South Korea’s growth this year to 2.6%, and pledged to ensure that the fruits of growth reach all citizens. The IMF’s upward revision was the largest among the 4month forecast by 0.7percentage points, the largest among the 30countries covered in the announcement.
President Lee Jae-myung said 7month 9the International Monetary Fund (IMF) had raised its forecast for South Korea’s economic growth this year to 2.6%, drawing investor attention. This is a change that could affect the policy environment and market expectations.
That day, President Lee reported the IMF’s forecast through his X account, formerly Twitter. In his post, he said, "I will work even harder so that high economic growth becomes a reality and leads to ‘growth for everyone,’ in which the fruits of growth are shared equally by all citizens."
The IMF’s upward revision was 4percentage points compared with its forecast in 0.7. South Korea’s upward revision was the largest among the 30countries covered in the announcement.
The president also said, “I am aware that it is difficult for the public to feel it.” This statement acknowledges that there is a gap between the growth rate figures and the economic conditions as experienced by the public.
The date of this announcement is 7 month 9 day. The president’s remarks and the IMF forecast were released on the same day.
The basic report is limited to the IMF’s upward revision of its growth forecast and the president’s public message. No additional policy announcements or specific distribution plans are included in the article.