▣ Korea's economic growth this year is projected at 2.6%, a sharp upward revision from the February forecast of 2.0%.

    ￭ Despite the Middle East shock, growth is set to strengthen on the back of the robust semiconductor cycle.

▣ CPI inflation this year is expected to be 2.7%, well above the February projection of 2.2%.

    ￭ The revision reflects the direct and indirect effects of the oil price shock, along with a gradual buildup of demand-side pressures from improving economic conditions.

▣ The projection path is subject to high uncertainty, particularly surrounding the semiconductor cycle and the Middle East war.