A recent survey shows that South Korea's growth expectations for this year have been accelerated. The reason is strong global demand for semiconductors, as stated in the survey. Economists participating in the poll expect the economy to expand 3.3% in 2026, which is significantly higher than the 2.8% expected in July's survey. They also made small upward adjustments to their forecasts for the following years, predicting 2.3% growth in 2027 and 2.1% growth in 2028. The 2026 forecast from the survey is higher than the 3% growth projection released by the Korean government last month. That government projection was made after a strong second-quarter GDP, which led the government to believe that the economy is expected to achieve 3% growth in 2026. According to the survey, as the artificial intelligence boom promotes economic growth, economists and policymakers are constantly updating their expectations in order to keep up with the actual pace of growth. These numbers demonstrate the growing impact of AI-related chip demand on the country's economic outlook. The report did not specify the number of economists surveyed.
According to a report from Jin10, South Korea's economy is expected to accelerate this year, driven by strong global demand for semiconductors. Economists who took part in a poll now see the economy expanding 3.3% in 2026, up sharply from the 2.8% forecast in July's survey. They also made slight upward revisions for subsequent years, projecting growth of 2.3% in 2027 and 2.1% in 2028.
The 2026 projection is above the South Korean government's 3% growth estimate released last month. That official forecast followed a strong second-quarter GDP reading, which led the government to conclude that the economy could reach 3% growth in 2026. The ongoing artificial intelligence boom is pushing economists and policymakers to continuously update their expectations, according to the survey. The new figures highlight the increasing influence of AI-driven chip demand on the country's economic outlook.
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