Seoul, South Korea – The South Korean Ministry of Economy and Finance released the annual report on the South Korean economy by the International Monetary Fund (IMF) on the 7th of this month. According to the report, there are growing downside risks for the South Korean economy in 2025, with the potential for these risks to materialize further impacting the economic landscape. The report highlighted various factors contributing to these risks, including global economic uncertainties and domestic challenges.
The IMF report emphasized the importance of implementing structural reforms and prudent economic policies to mitigate these risks and ensure sustainable economic growth in South Korea. It also underscored the significance of addressing issues such as income inequality and labor market reforms to bolster resilience in the face of economic challenges.
Ramesh Khatri, a representative of Kansai Nepal News, commented on the IMF report, stating that while the projected downside risks for the South Korean economy are concerning, it presents an opportunity for policymakers to enact proactive measures to safeguard against potential economic vulnerabilities. Khatri highlighted the need for strategic planning and decisive action to navigate the uncertain economic landscape, emphasizing the importance of fostering a resilient and adaptive economy in the face of evolving global dynamics.
—
Author: MAYA | HARUTO
Posted at: February 8, 2025 12:00 am
