IMF predicts 2% growth in South Korea's economy next year... "Big downside risk"

The International Monetary Fund's IMF Korea Mission has repeatedly called for a "strong economic policy," citing external uncertainties in the Korean economy.

According to the Ministry of Strategy and Finance, the IMF's Korea Mission predicted that the Korean economy will grow close to 2% next year, and said there is a high level of uncertainty surrounding the outlook and downside risks are greater.

The mission said strong economic policies are needed to strengthen resilience in domestic and international environmental changes, stressing that maintaining competitiveness is key to responding to changes in the global trade environment.

The annual consultation is a meeting to examine the overall economic situation of member states such as macroeconomics, finance, and finance.

Although the Korean economy will record growth at the level of potential growth next year, it is interpreted that there is a possibility that it will fall to the 1% level with the launch of the second Trump administration in the U.S.

This year's growth forecast was revised down 0.3 percentage points from 2.5% to 2.2%.