South Korea's government trimmed its economic growth forecasts for 2025 amid political turmoil following President Yoon Suk Yeol’s martial law decree. Korea's Ministry of Economy and Finance said on ...

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Korea cuts 2025 growth forecast to 1.8% from 2.2% due to weak export outlook

The Korean economy is expected to grow 1.8 percent this year, the finance ministry said Thursday, marking a significant downgrade from the previous forecast of 2.2 percent made in July last year.

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Trump’s ‘Maganomics’ will damage growth: economists

Surveys of more than 220 economists in the US, UK and Eurozone showed most respondents believed his protectionist shift would outweigh the benefits of his policies.

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Singapore economy beats forecasts in Q4 of 2024 but analysts see tougher 2025 growth outlook

On a quarter-on-quarter seasonally adjusted basis, the economy expanded 0.1 per cent, down from the 3.2 per cent growth in the third quarter of 2024. For full-year 2024, the economy grew 4 per cent, ...

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South Korea cuts 2025 growth forecast after martial law fiasco

Government will front-load its budget spending in the first half of 2025 and loosen regulations. Read more at straitstimes.com.

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