▣ Korea’s economic growth is likely to fall below the previous outlook, primarily due to the delayed recovery in economic sentiment and the deterioration in the global trade environment.
■ Uncertainty surrounding the growth outlook has increased considerably, reflecting potential future developments in trade negotiations, the size and timing of the supplementary budget, and the pace of recovery in economic sentiment.
▣ CPI inflation is expected to remain stable at around 2%, as upward pressure from a higher exchange rate is offset by declining oil prices and subdued demand.
■ Going forward, the inflation trajectory will depend on both domestic and global economic conditions, as well as movements in the exchange rate and oil prices.