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Bank of Korea Projects 0.9% Growth Amid Challenges

10/24/2025

31 7 Full Breakdown

Summary

Story summary

Bank of Korea foresees 0.9% growth in 2025, as domestic consumption recovers despite sluggish exports from U.S. tariffs.
Consumer prices are expected to rise around 2% due to stabilizing agricultural prices.
In China, new home prices fell 0.4% in September.
Taiwan's retail sales declined 2.2% year-on-year.
Upcoming holidays may boost spending, aided by government cash handouts.

History

Historical Context

The 2008 Global Financial Crisis, triggered by the U.S. housing bubble's collapse, led to a worldwide recession from late 2007 to mid-2009. South Korea narrowly avoided recession, with a GDP contraction of 0.9% in 2009. Today, recovery efforts continue amid challenges from U.S. tariffs and fluctuating consumer prices, highlighting the ongoing interconnectedness of global economies.

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Story summary

Bank of Korea foresees 0.9% growth in 2025, as domestic consumption recovers despite sluggish exports from U.S. tariffs.
Consumer prices are expected to rise around 2% due to stabilizing agricultural prices.
In China, new home prices fell 0.4% in September.
Taiwan's retail sales declined 2.2% year-on-year.
Upcoming holidays may boost spending, aided by government cash handouts.

1 / 2