JP Morgan, Nomura offer lowest projections below 2 percent Shipping containers are placed at Busan Port, Aug. 1. (Yonhap) Global investment banks offered a lukewarm outlook for South Korea's near-term growth, with their average projection for 2024 remaining at 1.9 percent as of July, according to a report from the Korea Center for International Finance on Monday.If the Korean economy aligns with these forecasts and achieves 1 percent growth for two consecutive years, it would be the first time since collecting a growth rate statistic in 1954.

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