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South Korea slashes economic growth forecast as AI demand surges
South Korea's government has sharply raised its economic growth forecast as global demand for artificial intelligence surges and semiconductor exports hit a record high. According to a statement from the Ministry of Finance on Wednesday, the government expects gross domestic product to grow by 2.6% this year, 0.4 percentage points higher than the previous forecast. At the same time, the inflation rate remains unchanged at 2.6%. The forecast is 0.1 percentage point higher than the forecast of the Bank of Korea, showing the optimistic trend of rapid economic growth in South Korea. Source Note: Image generated by AI, image license service provider Midjourney People's optimism about the economic outlook is also reflected in export data...- 1.9k
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