IMF Lowers South Korea's Growth Forecast for Next Year (BusinessKorea/20 Nov 2024)

Business Korea article reports on the IMF’s lowered growth forecast for South Korea, reducing the 2025 projection to 2.0% due to economic uncertainty and structural challenges. As part of its recommendations, the IMF stresses the need to address South Korea’s demographic crisis, urging reforms to ease barriers to childbirth, increase women’s workforce participation, and attract foreign talent. These steps are essential to counter the shrinking labor force and support long-term economic stability.