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Bank of Korea raises growth forecast on semiconductor boom
The Bank of Korea has raised its economic growth forecast for the country in 2026 to over 3%, supported by continued strong semiconductor exports and a recovery in domestic demand. According to a recent survey, experts expect the central bank to revise its growth outlook from 2.6% to as much as 3.4%, driven by a rebound in exports and expansionary fiscal policies. The forecasts also indicate an increase in the current account surplus, surpassing last year's total of $191 billion, with inflation remaining stable at around 2.7% due to oil prices.
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