Barclays raises South Korea's 2026 GDP growth forecast to 2.1%

GateNews

Gold Ten Data, November 7 — The recovery in the semiconductor industry has prompted Barclays to raise South Korea’s 2026 GDP growth forecast from 1.7% to 2.1%. Barclays also increased its 2026 current account surplus forecast from $8.4 billion to $11 billion. Economist Bum Ki Son wrote in the report, “We believe that with foreign portfolio inflows, South Korea’s balance of payments will experience its strongest performance in 15 years.” He expects the Bank of Korea to cut interest rates only once more, possibly in November, bringing the current easing cycle’s terminal rate down to 2.25%. Previously, he had forecast two more rate cuts—one in November and another in February 2026.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments