Search
On May 11, the team led by Tilton, an economist at Goldman Sachs, forecasted that the surge in South Korea’s semiconductor industry would propel its trade surplus, potentially prompting the Bank of Korea to hike interest rates later this year. The team anticipates that South Korea will implement two separate 25-basis-point interest rate increases in both the third and fourth quarters. The report highlights that South Korea’s AI-related exports could triple this year, making up nearly 30% of its gross domestic product (GDP). Simultaneously, non-technology exports are expected to keep declining due to regional oversupply and energy price shocks. The report recommends that, given the characteristics of the K-shaped economic cycle, targeted and prudent fiscal policies should be adopted, and the currency should appreciate in tandem with AI-driven export growth.
-
C114 Communication Network -
Communication Home
