Nomura Securities Downgrades South Korea's 2026-2027 Growth Forecasts to 2.6% and 2.0% on July 10

According to Nomura Securities, South Korea's core inflation pressure has eased, prompting the firm to downgrade its inflation forecasts for 2026 and 2027 to 2.6% and 2.0%, respectively, from prior estimates of 2.7% and 2.1% on July 10. Economist Park Jung-woo noted that June personal services inflation slowed to 3.4% year-over-year, down from 3.7% in May, signaling moderating underlying price pressures. Headline inflation remained elevated at 3.2% in June. The firm's proprietary Nomura-KRnow indicator estimates second-quarter real GDP growth at -0.4% quarter-over-quarter on a seasonally adjusted basis, significantly lower than the first quarter's 1.8% expansion, suggesting growth is reverting toward a 2% trend.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments