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GDP & CPI Forecasts Upgraded, As Expected

SOUTH KOREA

As expected an upbeat set of projections from the BoK, policy makers and officials had telegraphed as much.

  • Raises 2021 GDP growth forecast to 4.0% from 3%
  • 2022 GDP growth seen at 3.0% vs 2.5% projection in Feb.
  • 2021 CPI seen at 1.8% vs 1.3% projection in Feb.
  • 2022 CPI seen at 1.4% vs 1.4% projection in Feb.

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