{"id":67083,"date":"2026-04-02T09:11:23","date_gmt":"2026-04-02T02:11:23","guid":{"rendered":"https:\/\/hbbgroup.net\/south-korea-growth-outlook-supported-by-chips-and-fiscal-boost-ing\/"},"modified":"2026-04-02T09:11:23","modified_gmt":"2026-04-02T02:11:23","slug":"south-korea-growth-outlook-supported-by-chips-and-fiscal-boost-ing","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/south-korea-growth-outlook-supported-by-chips-and-fiscal-boost-ing\/","title":{"rendered":"South Korea: Growth outlook supported by chips and fiscal boost \u2013 ING"},"content":{"rendered":"
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ING economist Min Joo Kang highlights that South Korea\u2019s 1Q26 GDP<\/a> is set to rebound on strong chip-led exports and recovering investment, but trims the 2026 GDP forecast to 2.0% from 2.2%. She notes rising downside risks from supply disruptions and higher energy prices, partly offset by a sizeable supplementary budget and resilient external demand.<\/p>\n

Chip strength offsets rising headwinds<\/h2>\n

“If supply disruptions persist, adverse effects could become evident in the second half of 2026. Given Korea\u2019s high dependence on chips for growth, negative impacts could intensify later this year.”<\/p>\n

“The extra budget will lift government spending in 2026 to 752.1 trillion won, an 11.8% year-on-year increase, projected to raise GDP by 0.2 percentage points. Both parties agreed to approve the bill by 10 April.”<\/p>\n

“Thus, we expect growth to decelerate to 0.2% QoQ but to avoid a contraction in 2Q26. Along with trimming down the 2Q26 and 3Q26 GDP, we have lowered our 2026 GDP outlook<\/a> from 2.2% YoY to 2.0%.”<\/p>\n

“Higher energy prices for longer and supplementary budget measures could increase upward inflation risks in coming months. If we are right about the resilience of the economy and a higher-inflation path, then the Bank of Korea’s policy focus will be on inflation stabilisation and financial stability.”<\/p>\n

“We expect strong demand for AI and memory chips to continue, with no significant signs of a slowdown in AI investment globally. But clearly, this is likely to add to inflationary pressures on IT goods globally \u2013 and, eventually, more burdens for consumers.”<\/p>\n

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

ING economist Min Joo Kang highlights that South Korea\u2019s 1Q26 GDP is set to rebound on strong chip-led exports and […]<\/p>","protected":false},"author":5,"featured_media":67085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-67083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ngoai-hoi"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/67083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=67083"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/67083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/67085"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=67083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=67083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=67083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}