▣ GDP growth forecast for 2025 has been significantly revised downward from 1.9% to 1.5%.
■ Both exports and domestic demand face heightened downward pressures due to U.S. tariff policies and domestic political uncertainty.
■ The future path of growth is anticipated to be considerably influenced by the trade policies of major countries and government’s economic stimulus measures.
▣ CPI inflation is expected to remain stable at 1.9% in 2025.
■ The upward factors including high exchange rate are expected to be offset by downward factors such as low demand-side pressures and government price stabilization measures.
■ Uncertainty lies in the pace of domestic demand recovery and trends in exchange rates and oil prices.