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ADB Raises South Korea's 2024 Growth Forecast to 2.6% on AI Demand
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- The Asian Development Bank (ADB) has raised South Korea's economic growth forecast for 2024 to 2.6%, up from 1.9% in April, driven by strong global AI-related demand.
- The ADB also projects stable private consumption and expects the semiconductor industry to offset global economic pressures.
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The Asian Development Bank (ADB) has raised South Korea's economic growth forecast for 2024 to 2.6%, up from 1.9% in April, driven by strong global AI-related demand. The ADB also projects stable private consumption and expects the semiconductor industry to offset global economic pressures.
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This article was originally published by Yonhap News.
