Photo : YONHAP News
The International Monetary Fund(IMF) has maintained its growth outlook for South Korea for this year at two-point-five percent.
The finance ministry said on Tuesday that the IMF issued the projection in its latest World Economic Outlook, unchanged from its forecast made in July.
The forecast is larger than the two-point-four percent growth projected by the Bank of Korea, but lower than the two-point-six percent outlook by the South Korean government. It matches with the projection by the Organization for Economic Cooperation and Development(OECD) and the Korea Development Institute.
The IMF also kept its growth forecast for South Korea for 2025 at two-point-two percent.
The IMF forecast the global economy to grow three-point-two percent this year, unchanged from its previous estimate in July.