South Korea’s Central Bank Cuts Economic Growth Forecast Amid Political Turmoil In the wake of political instability, South Korea's central bank significantly revised down its economic growth forecasts. The 2025 growth rate is now expected to be between 1.6% and 1.7%, down from the previous projection of 1.9%. Similarly, the 2024 growth forecast has been lowered from 2.2% to around 2.0% or 2.1% 📉. Moreover, the central bank also downgraded its Q4 2023 growth forecast from 0.5% to as low as 0.2% or even lower, highlighting the impact of ongoing political challenges on the country’s economic performance 🏛️. #SouthKorea #EconomicGrowth #CentralBank #PoliticalInstability #EconomicForecast #BankingPolicy