S&P Global-S Korea S. Korean economic growth estimated at 1.4 pct for 2023: S&P economist SEOUL, Sept. 17 (Yonhap) -- South Korea's economy is expected to grow 1.4 percent this year, with the country's central bank anticipated to lower its key rate twice in 2024, an economist at S&P Global Ratings said Sunday. The growth forecast by Rajiv Biswas, the chief economist of Asia-Pacific at S&P Global Market Intelligence, comes in line with the South Korean government's projection made in July. Biswas attributed South Korea's sluggish economic growth in 2023 to the Bank of Korea's aggressive monetary tightening policy implemented the previous year, which resulted in various challenges across the economy, including the real estate sector.

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