▣ GDP growth is projected to be 1.0% for 2025 and 1.8% for 2026, revised up from the August forecasts of 0.9% and 1.6%, respectively.

    ￭ Despite the headwinds from U.S. tariffs, growth is expected to strengthen, supported by the recovery in domestic demand and a robust semiconductor cycle.

    ￭ Uncertainty surrounding the future growth path persists, particularly with respect to the global trade environment and the semiconductor cycle.

▣ CPI inflation is forecast at 2.1% for both 2025 and 2026, compared with the August projections of 2.0% and 1.9%, respectively.

    ￭ Inflation is expected to slightly exceed the previous projection, due to the effects of the weaker Korean won and the recovery in domestic demand, even with downward pressure from lower global oil prices.

    ￭ Looking ahead, the inflation outlook will be influenced by domestic and global economic conditions, movements in the exchange rate and global oil prices, and the government's price stabilization measures.