▣  Korea's economy is expected to grow at a slower pace than previously anticipated, as the supply shock stemming from the war in the Middle East is likely to weigh on growth despite the robust semiconductor cycle and the supplementary budget.

▣  CPI inflation faces significant upward pressures from a rise in global oil prices, though government price stabilization measures are expected to partially mitigate such pressures.

▣ Uncertainty surrounding both the growth and inflation outlook has heightened, as geopolitical risks have escalated amid the uncertain path of the U.S. tariff policy.