Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
SEOUL, Aug. 13 (Xinhua) — A national think tank in Korea on Tuesday left its 2025 Asian economic growth forecast at 0.8 percent, reflecting instability in the construction industry.
According to the Korea Development Institute, real gross domestic product (GDP) adjusted for inflation will grow by 0.8 percent in 2025.
That's unchanged from estimates released three months earlier, with real GDP forecast to grow 1.6 percent in 2026.
The still-low growth outlook is due to a sluggish construction sector and worsening trade conditions due to the imposition of US tariffs.
Investment in construction is expected to fall 8.1 percent this year, 3.9 percent below forecasts released three months earlier.
In volume terms, goods exports are forecast to grow 1.2 percent this year after growing 6.4 percent last year.
Forecasts for private consumption and fixed capital investment for 2025 were revised upward by 0.2 and 0.1 percent, respectively.
The current account surplus is projected to reach $106.2 billion in 2025 and $91.2 billion in 2026.
The consumer price inflation forecast was set at 2.0 percent for 2025 and 1.8 percent for 2026.
The number of jobs is expected to increase by 150,000 this year and by 110,000 next year. –0–
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