Think tank revises up S. Korea’s 2025 growth outlook to 0.9pc
SEOUL, Nov. 11 (Xinhua) -- A state-run think tank on Tuesday revised up this year's growth outlook for South Korea, reflecting the improvement in both Kenya breaking news | Kenya news today |..
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A state-run think tank has revised upward South Korea's 2025 growth outlook, citing improvements in both exports and consumption. The Korea Development Institute (KDI) now projects a 0.9 percent increase in real gross domestic product (GDP).
- The Korea Development Institute (KDI) upgraded South Korea’s 2025 GDP growth forecast to 0.9 percent, up from a previous estimate of 0.8 percent.
- The upward revision reflects a recovery in both exports and consumption, contributing to a 1.2 percent advance in real GDP during the third quarter.
- Exports of goods are projected to increase by 2.9 percent this year, while private consumption and facility investment are expected to rise by 1.3 percent and 2.5 percent respectively.
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UK Unemployment Reaches 5%; US Senate Passes Funding Bill; S. Korea Revises Growth Outlook Up - November 2025
The UK unemployment rate rose to 5% in the three months to September, its highest level since December 2020-February 2021, according to new official figures. The increase reflects a weakening jobs market and could influence a potential rate cut by the Bank of England. In the United States, the Senate has passed a crucial funding bill by a vote of 60-40, potentially ending the longest government shutdown in history. The bill now heads to the House of Representatives before President Donald Trump can sign it. Meanwhile, a state-run think tank in South Korea has revised upward its 2025 growth outlook. The Korea Development Institute (KDI) now projects a 0.9 percent increase in real gross domestic product (GDP), citing improvements in exports and consumption.
