Technology
IMF Raises S. Korea Growth Most Among Major Economies on AI Boom
Key Points
IMF Raises S. Korea Growth Most Among Major Economies on AI Boom South Korea’s growth outlook received the biggest upgrade among the world’s 30 major economies in the International Monetary Fund’s latest projections, adding to evidence that the country’s artificial intelligence-driven semiconductor boom is overpowering the economic hit from the Middle East conflict. The IMF raised its 2026 growth forecast for South Korea to 2.6% from 1.9% projected in April, while upgrading its 2027 estimate...
IMF Raises S. Korea Growth Most Among Major Economies on AI Boom
South Korea’s growth outlook received the biggest upgrade among the world’s 30 major economies in the International Monetary Fund’s latest projections, adding to evidence that the country’s artificial intelligence-driven semiconductor boom is overpowering the economic hit from the Middle East conflict.
The IMF raised its 2026 growth forecast for South Korea to 2.6% from 1.9% projected in April, while upgrading its 2027 estimate to 2.5% from 2.1%. It said strong external demand for semiconductors more than offset the negative impact of the war, placing South Korea among the world’s four largest net exporters of AI hardware alongside Taiwan, Thailand and Malaysia.