Global banks lift Korea growth outlook to 3.5% on chip boom

What happened: Eight major global investment banks raised their forecasts for South Korea's economic growth this year and next, citing a semiconductor export boom. Key numbers: Average 2026 forecast rose to 3.5 percent from 3.3 percent a month earlier. JPMorgan sees 4 percent, UBS 3.5 percent, Bank of America 3.6 percent, Citi 3.8 percent. 2027 average rose to 2.8 percent from 2.5 percent. Why it matters: The upgrades put the banks' average above the Bank of Korea's 3.3 percent forecast and near its 2.9 percent 2027 projection. The ADB and OECD also raised their estimates.

Global banks lift Korea growth outlook to 3.5% on chip boom

Global banks lift Korea growth outlook to 3.5% on chip boom — impact context not separately stored; see What changed.