Major institutions raise their growth rate forecast this year
Up to 0.3%p increase reflecting the growth rate in the fourth quarter of last year
![Major overseas investment banks (IBs) and research institutions have raised Korea's economic growth rate this year by up to 0.3 percentage points (p). [사진=연합 제공]](https://i0.wp.com/news.google.com/news/photo/202101/67667_39755_1932.jpg?w=560&ssl=1)
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Major overseas investment banks (IBs) and research institutions have raised Korea’s economic growth rate this year by up to 0.3 percentage points (p).
It is a positive observation that the Korean economy, which received “excellent transcripts” from other countries, overcoming the spread of the new coronavirus infection (Corona 19) last year, will also save this year.
According to the International Finance Center on the 27th, three out of six IBs and one research institute that published the report the previous day raised Korea’s gross domestic product (GDP) growth rate this year by 0.1 to 0.3 percentage points.
The International Finance Center explained, “These institutions reflect Korea’s fourth quarter 2020 GDP results announced by the Bank of Korea the day before.”
According to the International Finance Center, these institutions have projected a variety of Korean economic growth rates from 2.7% to 5.0%.
Specifically, six out of a total of seven organizations that published the report cited the growth rate of Korea in 2021, half of which raised the growth rate and the rest maintained their previous forecasts.
On the other hand, the previous day, the BOK announced that the real GDP growth rate in the fourth quarter of last year (preliminary report compared to the previous quarter) was calculated at 1.1%. Considering the special economic crisis called Corona 19, it is said that it has been saved.
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