IMF maintains 2.5% economic growth forecast for S. Korea this year

The International Monetary Fund and the IMF maintained their forecast for Korea's economic growth this year at 2.5%.

The IMF released its global economic outlook this month, predicting that Korea's economic growth rate this year will be 2.5%, the same as in July.

This is similar to the forecast of major domestic and foreign institutions.

Korea's economic growth forecast for next year is 2.2%.

The IMF forecast the global economy to grow 3.2% this year, the same as last July's forecast.

By country, the U.S. growth rate was raised by 0.2 percentage points to 2.8%, which was attributed to improved consumption due to rising real wages.

Growth in most European countries, including the UK, France, and Spain, has also been raised due to monetary policy easing.

On the other hand, it lowered its growth forecast for Germany, which continues to suffer from sluggish manufacturing, and Japan, which is experiencing disruptions in automobile production.

China also cut its growth forecast by 0.2 percentage points to 4.8 percent from 5.0 percent.