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韩国央行-韩国经济展望（2025年11月）（英）.pdfVIP

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韩国央行-韩国经济展望（2025年11月）（英）.pdf

    ThisreportistheEnglishversionofthe“KoreaEconomicOutlook”publishedon

    December12,2025.

    PleasecontacttheResearchDepartmentattheemailaddressbelowifyouhaveany

    questionsregardingthecontentsorwouldliketorequestpermissioninadvancefor

    reproducingorcopyingthecontentsofthisreportforcommercialpurposes.

    Pleasecreditthesourcewhenquoting,reproducing,orcopyingthecontentsofthis

    reportfornon-commercialpurposes.

    ResearchDepartment,BusinessCycleTeam,BankofKorea

    econtrend@bok.or.kr

    Contents

    ExecutiveSummary

    MacroeconomicConditionsandOutlook

    1.DomesticandInternationalEconomicConditions1

    GlobalEconomy1

    Korea’sEconomy12

    MainPremisesoftheBaselineOutlook18

    2.MacroeconomicOutlookforKorea19

    EconomicGrowth19

    CurrentAccount32

    Prices36

    Employment38

    3.RiskAssessment42

    KeyRiskstotheOutlook42

    DistributionofGrowthProjectionsbyMarketParticipants42

    ScenarioAnalysis43

    FYI

    BackgroundoftheRecentSustainedStrengthoftheU.S.Economy4

    RisingHouseholdSavingsRate:Driv

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