OECD projects S. Korea's potential growth rate to hit record low in 2027
South Korea's potential growth rate is projected to fall to a record low next year, according to the Organization for Economic Cooperation and Development on Sunday, despite robust exports fueled by a semiconductor boom.
The OECD's latest data shows the country's potential growth rate at 1.52 percent in 2027, down sharply from 1.66 percent this year.
On a quarterly basis, the country's potential growth rate is expected to decline further to 1.46 percent in the fourth quarter of next year.
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